Minneapolis, MN, January 2020 – Asian Pacific Colorants is Australia’s and New Zealand’s (ANZ) largest supplier of plastic masterbatch colorants. The company provides businesses with the products that make everyday plastics colorful, food safe, UV resistant or fire retardant. Asian Pacific Colorants operates four plants located in Auckland, New Zealand, Brisbane, Australia and two in Melbourne, Australia. The companies 100+ employees generate over $55.0 million in sales revenues.
Asian Pacific Colorants is the largest manufacturer of concentrated color and performance additives for the plastics industry in Australia and New Zealand and is the market leader and the only scale masterbatch player with the ability to supply all four types of masterbatch (black, white, colors and additives). Their products are also key ingredients supplied to customers in a range of end markets including industrial, food and consumer product packaging, performance pipes, agricultural films and other specialty manufacturing products.
Bill Spell, President of Spell Capital, said, “We are delighted to be back in the masterbatch business after our previous experience in the industry years ago.” Spell added, “We partnered with an experienced and capable team in ANZ that has built a business with the leading market share, excellent technical capabilities, high quality production and rapid response times for its customers.”
Spell Capital is actively seeking additional investment opportunities in the masterbatch business globally.
For more information regarding this transaction, please contact Jim Rikkers, Senior Managing Director, at [email protected].