NISKAYUNA — The SI Group announced on Wednesday that it is expanding its production capabilities with an agreement to acquire the TPC Group manufacturing facility of Baytown, Texas.
According to Tara Morgan, the communications manager of the SI Group, the acquisition will allow the company to have more control over key raw materials used in the company’s products.
Founded in 1906, the SI Group is one of the only developers and manufacturers of chemical intermediates, solutions and specialty resins in the Capital Region.
While TPC and the SI Group have worked under a partnership for over 25 years, the CEO of SI Group, Frank Bozich, said that the acquisition is a vital part of the Group’s growth plan.
The addition of the facility will include an on-site terminal and manufacturing equipment for nonene, tetramer and various propylene derivatives. These are used to produce detergents, lube oil additives and antioxidants.
“The addition of the Baytown facility further enhances our global capabilities by reinforcing our security of supply and enabling SI Group to better serve our customers in downstream markets, such as Fuel, Lubricant, and Oilfield additives,” Bozich said in a press release.
Although the SI Group’s headquarters are in Niskayuna, it operates 21 manufacturing facilities on five continents and employs over 2,700 people worldwide and 350 people in the Capital Region.
According to Tara Morgan, the communications manager at SI Group, the company does not anticipate a local impact on employees either at their Rotterdam Junction facility or Niskayuna offices.