ITW Performance Polymers acquires M&C
ITW Performance Polymers, an Illinois Tool Works company, has acquired M&C Specialties Co., a Pennsylvania based contract manufacturer of custom-fabricated diecut adhesive components, tapes and labels to markets around the world.
M&C Specialties also sells adhesive subassemblies, foils and double- and single-coated foams. Services include precision rotary and flatbed diecutting, tape slitting, spool and level winding, single- and double-sided laminating, and flexographic and hot stamp printing. M&C has served as converter and distributor for prominent adhesive manufacturers including 3M, Avery Dennison, Tesa Tape, MACtac, Rogers Poron, and Bisco. Markets served include healthcare, transportation and electronics.
M&C will continue to operate from its plants in Southampton, PA, USA; Lancaster, CA, USA; Athlone, Ireland; Tianjin and Shenzhen, China; and Mexicali, Mexico. All employees will remain with the business.
“M&C Specialties will operate as a stand-alone unit,” says Sevan Demirdogen, head of the ITW Performance Polymers acquisition team, “and will continue to provide customers with the high levels of quality and service to which they are accustomed.”
“The decision to sell the business to ITW after 62 years of Rauch family control was difficult and emotional,” says M&C Specialties President and CEO Donald Rauch in a letter to M&C customers.
“I believe,” he continues, “that with the support and resources of ITW and the current M&C management, the business will continue to prosper and grow to uncharted levels.”