Page 2 of the Tosaf press release:

Tosaf Group has finalized the acquisition of Adtec Colorant Corporation

Press RELEASE

Tosaf Group has finalized the acquisition of Adtec Colorant Corporation

Adtec’s specialty color concentrates, liquid and additive masterbatches add to Tosaf’s comprehensive portfolio of products for the plastics industry. Image: Tosaf

August 2015. Tosaf Group, a global leader in developing and manufacturing high quality additives, compounds and color masterbatches for the plastics industry, has finalized the acquisition of Adtec Colorant Corporation, Arlington/Texas, a manufacturer of specialty color concentrates, liquid and additive masterbatches for the injection molding, blow molding, film, and extrusion markets.

Amos Megides, Chairman and CEO of Tosaf Group said: “This transaction represents another step in the fulfillment of our US market entry strategy following our earlier announcement of the construction of a new additives, white and color masterbatch plant in Bessemer City, NC.

“The acquisition of Adtec is an important addition to our cluster of highly synergistic and complementary businesses which operates ten plants across Europe and Asia. I am very proud of this addition to our global footprint. Adtec will continue doing business under the proven leadership of its founder Mr. Mahesh Parikh, and we are confident that it will continue to provide its clients the same excellent service they have been accustomed to. This superb service will now be complemented by many additional proprietary products and by the extensive R&D capabilities of the Tosaf Group”.

Mahesh Parikh, founder and CEO of Adtec Colorant: “We are excited to become a part of such a successful and rapidly growing organization. This acquisition will provide rapid growth for Adtec Colorant by utilizing Tosaf Group’s additional product line while maintaining our excellent reputation for service and quality in the southwest region. This partnership will enhance our products and technologies that we provide to our customer base and will bring brighter future to our long term employees.”

Tosaf Group, founded in 1985, is a joint-venture between Megides Holding and the Ravago Group. The group operates ten factories in Israel, Turkey, Germany, UK, The Netherlands and China, with a total of 900 employees. Tosaf’s versatile range of products includes mineral-filled compounds for the white goods industry, automotive and other plastic industries; additives such as UV-/light stabilizers, flame retardants and customized additives for applications including BOPP, agricultural, packaging and industrial films, polycarbonate sheets, pipes, foams and other products; and color masterbatches for a wide range of applications.

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