Milliken & Company the acquisition of the assets of Rebus, Inc., a chemical company located in Aston, PA.
The transaction occurred through one of Milliken’s wholly-owned subsidiaries.
Rebus produces pigment and additive dispersions for the thermoset plastics and high-performance industrial coatings markets.
As stated by Joe Salley, president and CEO of Milliken, with this move the company will increase its footprint in the area of innovative technologies and products.
“Rebus is an excellent fit for Milliken given our existing expertise in colorants and their application in a variety of plastic materials”, he said.
“We have been working hard on this acquisition for quite some time and are pleased to bring this exciting news to our Milliken associates and customers. Like most companies, we have had to make some tough decisions during the recession. This is great news for both companies,” Salley added.
Rebus’ founder Jim Steever will continue with the new organization in a business development role.
Milliken will continue the operation in the 40,000 square foot existing facility in Aston.