Lincolnshire-based technical plastics compounder Luxus has expanded its operations with the acquisition of South Wales firm Colour Tone Masterbatch.
Colour Tone Masterbatch currently employs 50 staff and has a turnover of £5m. The additive manufacturer focuses on the delivery of high quality service and bespoke colours, in universal, commodity and engineered polymers, as well as custom additive blends.
The acquisition will enable a strategic realignment of the businesses allied with improvements in production capabilities at its site in Bedwas Caerphilly. Tony Gaukroger remains as a non-stock holding director and the company will continue to operate autonomously as before.
Peter Atterby, managing director at Luxus, said: “We are delighted that Colour Tone Masterbatch is now a part of Luxus. This strategic investment is a natural progression of our 20 year working relationship. It will enable us to significantly enhance our offering to deliver highly engineered coloured polymers that our global client base requires, providing the strongest possible market position”.