Canadian acquisition creates global pastes concern

ATC has a strong reputation for manufacturing a wide range of bonding, tooling, fairing, compression moulding and other polyester and vinyl ester based pastes, supplied largely into the North America composites industry. The acquisition will make Scott Bader and ATC a global leader in the structural adhesives and bonding pastes business, with a full range of technologies and the manufacturing capabilities to meet the needs of composites customers. Tom Johannsen, ATC's majority owner explained the background to the acquisition: "I was attracted to Scott Bader because of their wide range of adhesives, their vision to grow this market on a world-wide basis, and their employee-owned company structure. With access to Scott Bader's products and technology, we will be able to extend our current range of bonding pastes and adhesives, now including Scott Bader's urethane acrylate Crestomer and MMA adhesives, to suit individual customer needs." Philip Bruce, Scott Bader's group managing director commented: "I see this acquisition as underlying our long term commitment to the North American market by providing customers with local production. I see this as a first step to being able to offer more speciality products into this critical market."