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The global manufacturer of high-performance thermoplastic materials, announces the acquisition of Piper Plastics for its global Engineering Plastic Products (QEPP) business unit.
With the addition of Piper Plastics, both companies can capitalize on their synergies in the engineering polymer industry as Piper Plastics will leverage Quadrant’s continually expanding, world-wide network of industry partners and customer relationships while bringing new technologies, specialized skills and market expertise into the group.The acquisition enhances Quadrant’s ability to incubate and develop new business, pursuing its mission of metal to plastic conversion, which began more than 80 years ago. Quadrant, a fully owned subsidiary of Mitsubishi Plastics, Inc. (Tokyo, Japan), identified Piper as one of the leaders in their areas of expertise and plans to preserve Piper’s unique market identity. Strategic corporate development activities, such as the Piper acquisition, contribute to Quadrant’s ability to grow rapidly and consistently while maintaining quality and innovation.For more than 30 years, Piper Plastics provided advanced engineering plastic solutions via polymer conversion technologies and precision machined engineering plastic components and assemblies in North America (Arizona, Illinois) and Asia (Thailand). Piper serves a diverse customer base in the Medical, Semiconductor, Aerospace/Defense, Energy and Food Packaging industries.Both Quadrant and Piper Plastics adhere to a superior level of quality and performance standards. The acquisition will add 2 additional manufacturing facilities to Quadrant’s already established 5 U.S. facilities along with their Thailand facility, broadening Quadrant’s already extensive global footprint.More information: www.quadrantplastics.com