Aurora Material Solutions (Aurora), a leading manufacturer of polymer compounds, announces the successful acquisition of Lastique International Corporation (Lastique), a strategic move that marks a significant milestone in enhancing the company’s sustainable solutions for its customers.
This acquisition marks the seventh transaction by Aurora since 2017. Lastique will be part of Aurora’s Sustainable Product Solutions platform. Aurora will now employ close to 500 people across nine sites throughout North America.
- Strategic Fit and Synergies: The acquisition of Lastique International brings significant commercial synergies. As one of North America’s largest recyclers of rigid PVC, Lastique enables Aurora to offer both “closed loop” and “open loop” solutions to existing and new customers. These synergies include bundled offerings of virgin and recycled compounds, as well as the ability to buy and source customers’ scrap and sell compounds with or without recycled content.
- Sustainability and ESG Focus: This acquisition further strengthens Aurora’s commitment to ESG (Environmental, Social, and Governance) initiatives and reduces our carbon footprint, solidifying our position as +Vantage Vinyl™ Gold certified. We are now able to offer recycled solutions as well as blended or sweetened compounds.
- Operating Model: Lastique will operate as a standalone business segment within Aurora under the umbrella of “Sustainable Product Solutions.” All key management at Lastique, including Bob Manouchehri (President), and Bruce Manouchehri (VP of PVC Procurement & Sales) will continue with the business and are excited about future growth opportunities with Aurora.
Established in 1983 by Bob Manouchehri, Lastique has become a leading supplier and recycler of a wide variety of prime, generic-prime, wide-spec, reground, pulverized, and reprocessed grades of thermoplastic resins and compounds. Lastique specializes in rigid PVC, polypropylene, and polyethylene.
