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Haartz Corporation announced today that it has acquired a minority stake in Peak Performance Compositing LLC
.
The partnership will give Haartz access to the fast-growing compounding market, increase its own diversification, and provide Peak with resources to accelerate growth, according to the release
.
“We plan to expand production in 2022, adding a dedicated space for our medical production, as well as additional mixing and storage space for all products
.
While these are unusual times, we are all optimistic
.
” Peak President Todd Marchand said
.
For Haartz, the partnership will foster diversity
.
Matthew Williams, Vice President, Global Automotive Exteriors and New Markets, said: "Partnering with Peak provides us with an opportunity to enter the growth-positioned medical plastics market
.
We will now be able to leverage our decades of knowledge in high-performance plastics to support This growing market
.
"
Peak started production in 2019 and received ISO 13485:2016 certification, the international standard for quality management systems in medical manufacturing, in 2020
.
In addition, the company is ISO 9001:2015 certified
.
Founded in 1907, Haartz is a global supplier of highly engineered and uniquely designed convertible roof and interior surface materials
.
Headquartered in Acton, Massachusetts, Haartz also has production capacity in Germany, China and India
.