Argotec Is Being Acquired by SWM

GREENFIELD, MA | Argotec, a global producer of thermoplastic polyurethane (TPU) film and sheet, has signed a definitive agreement to be acquired by SWM, Alpharetta, GA, a global provider of highly engineered solutions and advanced materials for a variety of industries. The transaction is expected to close during the fourth quarter of 2015. Argotec is currently a portfolio company of Wind Point Partners, a private equity firm based in Chicago, IL.

Frederic Villoutreix, chairman of the board and CEO of SWM, says, “We are pleased to announce the acquisition of Argotec as another key milestone in the transformation of SWM and the continued buildout of our non-tobacco business. This represents our fourth transaction since the late 2013 acquisition of DelStar. Argotec is a highly attractive asset, and its core competencies and attributes align well with SWM. Much like DelStar, Argotec is a technology and quality leader in resin-based rolled goods with strong competitive positions in attractive niche market segments. Argotec films, which are complementary to our current extruded resin production capabilities, generate attractive margins in high-value added applications that serve diverse end-markets, such as paint protection, glass lamination, medical, and graphics, offering solid growth prospects and further diversification for SWM.”

Guy Broadbent, president and CEO of Argotec, says, “We are proud of our growth under Wind Point Partners and our continued product leadership serving the demanding technical needs of our customer base. We are excited to be a part of the SWM team, which we believe shares our rigorous focus on quality and high technical standards. We will be well positioned to accelerate our growth in combination with the resources of SWM.”

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