PolyOne Corporation announced its acquisition of PlastiComp, an advanced engineered materials innovator and producer of specialty composites.
Founded in 2003 by industry veteran and composite pioneer Stephen Bowen, PlastiComp has steadily grown through its ability to replace metal and lightweight products with unique and complex long fiber technology (LFT) composite formulations. Inherent benefits of LFT-based materials include high strength and stiffness, design freedom, fatigue endurance, corrosion and wear resistance, EMI shielding, and recyclability.
Through its Complēt® product lines and design capabilities, the company serves global customers in a wide-range of demanding applications, including medical devices, robots and drones, marine, and outdoor high performance equipment. PlastiComp’s 50 employees and its design and production facility in Winona, Minnesota join PolyOne as part of the Specialty Engineered Materials segment.