Howell-based Chem-Trend, a producer of high-performance release agents, purging compounds, and other molding products, has acquired Leslie-based Huron Technologies Inc., a company that focuses on customized mold release agents and related products for multiple molding applications. Terms of the deal were not disclosed.
The full product line from Huron Technologies — including release agents, mold conditioners, cleaners, and flushes — is now part of the Chem-Trend portfolio. Huron Technologies is located between Lansing and Jackson.
“This acquisition will help us strengthen our product offering to the polyurethane industry while providing us with unique growth opportunities into other segments, such as friction products and concrete molding,” says Devanir Moraes, president and CEO of Chem-Trend. “By adding the products of Huron Technologies to Chem-Trend, we will provide end users and distribution partners with a more comprehensive range of release systems and complementary molding process aids that create even greater value, efficiency, and productivity.”
The acquisition of Huron Technologies, which was founded in 1991, provides additional product technology, manufacturing and process know-how, raw material sources, and customer segments to Chem-Trend.
With more than 55 years of release agent experience, Chem-Trend has production facilities on four continents, offices or local representatives in 18 countries, and a distribution network covering more than 50 countries. The company’s products are used in a variety of applications, including composites, rubber and polyurethane molding, high-pressure die casting, thermoplastics processing, wood composite pressing, and in the manufacturing of tires.
Chem-Trend recently received a $250,000 Michigan Business Development Program performance-based grant for its plans to expand its R&D facilities at its headquarters, investing nearly $7.7 million and creating 25 professional, scientific, and technical service jobs.
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