Plasticon in negotiations to buy Nevada company
LATEST NEWS
May 24, 2005
Plasticon International Inc. has entered negotiations to acquire resurfacing technology firm Semco Inc., according to a news release.
Jim Turek, president and CEO of Plasticon International, said in the release that when this deal is signed, he expects Semco's product line to become a major profit center for Plasticon.
Semco Inc.'s water-based resurfacing products, which crosslink chemically to the material they are being bonded to, are used on similar applications as Plasticon's products, such as bridges and other critical infrastructure projects.
"There would be many immediate applications where our products would work perfectly together, and as we expand our product base, there would be many applications down the road as well," Turek said in the release.
Plasticon International (Pink Sheets: PLNI), based in Lexington, Ky., develops uses for recycled plastics and is the owner of a patented line of recycled plastic rebar supports, among other products. Semco Inc. is based in Las Vegas.
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