 "RAMPF acquires advanced polyurethanes maker Innovative Polymers")
RAMPF has acquired the US-based Innovative Polymers Inc, a provider of technologically advanced polyurethanes for tooling and modelling applications. With this acquisition, RAMPF is set to further expand its range of products in the NAFTA markets.
Innovative Polymers Inc will be integrated into RAMPF’s North American subsidiary RAMPF Group Inc, which offers RAKU-PUR modelling and styling boards, Close Contour castings, blocks and pastes, as well as liquid systems on the NAFTA markets since 2003.
“The acquisition of Innovative Polymers Inc will enable us to expand our product portfolio and to open up new business opportunities in industries in which we are already active in. Furthermore, we will be able to enter new markets, for example oil and gas, and the railway industry,” stated Jurgen Penker, CEO of RAMPF Group Inc.
Innovative Polymers’ polyurethane products are used in a wide variety of industries and applications, among others automotive, electronic equipment and encapsulation, architecture, medical, as well as sports and recreation.
Innovative Polymers is located in St Johns, Michigan, not far from the headquarters of RAMPF Group in Wixom. The facilities in St Johns will be retained, enabling the RAMPF Group to expand its production capacities and to serve customers even better and faster.
With the acquisition of Innovative Polymers, the RAMPF Group has further consolidated its position in the markets of the NAFTA region. Earlier this year, RAMPF bought the Canadian company Apex Composites, a holistic composites supplier to companies in the aerospace and medical industries.
“The expansion of our existing portfolio of products and solutions is part of our long-term strategy, which spans until the year 2030. The consequent internationalisation of our group plays an important role in this. And together with China, the NAFTA markets are the biggest growth drivers for our engineering and chemical products and solutions,” said Michael Rampf, CEO of RAMPF Holding.
