A. Schulman has acquired Melbourne, Australia-based Compco
for $6.7 million in cash, the company announced on Tuesday.
Compco is a manufacturer of a variety of plastic compounds
and products including masterbatches and custom performance
colors. Key markets include packaging, wire & cable and
"This is our 10th acquisition in the last four years and,
although it is relatively small compared with our entire
organization, the benefits of Compco's industry-leading technology
will better position
our business in the region and can be leveraged throughout
our global footprint," said Joseph M. Gingo, CEO of A.
Compco achieved revenues of nearly $15 million for its fiscal
year ending June 30, 2014.
"Compco holds a strong position and significant growth
potential in the Australian market and beyond, and its
products are aligned with our strategic focus and objectives
in the Asia Pacific (APAC) region," said Bernard Rzepka,
chief operating officer of A. Schulman.
"The acquisition expands the capabilities of our APAC
operations and marks our first entry into the growing pipe
and highly regulated wire & cable markets," he added.
"This move is a positive next step as we remain committed to
growing both organically and through acquisitions in the
strategically important APAC region."