Banksmeadow, Australia - Era Polymers Pty Ltd has bought Ariel Industries Pty Ltd a fellow Australian polyurethanes systems house.
No price was disclosed for the deal.
Ariel develops makes ands supplies formulated polyurethane systems. The company makes a range of rigid and flexible polyurethane foam systems, as well as specialised polyurethane elastomer systems. Era says this portfolio complements its own and makes Ariel a good fit.
Era Polymers is privately owned and has made polyurethane intermediates for 27 years. The purchase takes the number of production sites up to three. The two original sites were at Sydney and Auckland. The deal gives Era a plant in Melbourne.
In addition to rigid and flexible polyurethane foams, Era Polymers' portfolio includes cast elastomer prepolymers, spray polyurethane products, sprayable polyurea, rubber binders, timber floor coatings as well as ancillary products and polyurethane dispensing equipment.