Aurora Material Solutions has acquired Lastique International Corporation, enhancing its sustainable product offerings and expanding its operational capabilities in the North American polymer market.

Target Information

Aurora Material Solutions (Aurora) has successfully acquired Lastique International Corporation (Lastique), a prominent manufacturer specializing in polymer compounds. This strategic acquisition marks a significant milestone for Aurora as it enhances the company's offerings in sustainable solutions for its customers. Lastique will now operate under Aurora’s Sustainable Product Solutions platform, contributing to Aurora's overall objective of promoting eco-friendly practices in the polymer industry.

Founded in 1983 by Bob Manouchehri, Lastique has established itself as a leader in the recycling of various thermoplastic resins and compounds. The company specializes in rigid PVC, polypropylene, and polyethylene, providing a wide array of products including prime, generic-prime, wide-spec, reground, pulverized, and reprocessed grades. The acquisition represents Aurora's seventh transaction since 2017 and will add nearly 500 employees across nine locations in North America to its workforce.

Industry Overview

The polymer industry in North America is increasingly shifting towards sustainable practices and circular economy models. As environmental concerns grow and regulations tighten, companies are investing heavily