Archive for January, 2015

Continued growth drives expansion and hiring at Chase Plastics

Posted by Sherry Cudd
  • Total revenue increased nine percent year over year from January 2013
  • Canada revenue increased 21 percent year over year from January 2013
  • Distribution agreement with DSM Engineering Plastics offers more specialty engineering resins to plastic processors in Mexico

 Chase Plastics, a leading stocking distributor of more than 6,400 specialty, engineering and commodity thermoplastics, grew its total revenue to $217 million in 2014, a nine percent year-over-year increase, and is on pace to exceed $260 million by 2016. This growth is fueled in part by the company’s continued expansion in Canada, where Chase Plastics increased year-over-year revenue by 21 percent and its total customer base by more than 18 percent.

“As we continue to expand our capabilities and sales presence across North and Central America, we’re committed to continuing to elevate the ‘outrageous’ levels of customer and technical service that have gotten us to where we are today,” said Alan Arduini, vice president, sales, Chase Plastics. “We take a lot of pride in the fact that we’re growing with our customers in emerging markets — particularly in the automotive segment — and we look forward to continued shared success in 2015 and beyond.”

Since January 2013, Chase has hired four technically skilled sales professionals to serve processors across the United States and Mexico and has bolstered its administrative support team with the addition of six new hires.

“From the day a processor chooses us as its distribution partner, it receives the support of dedicated account teams — comprising sales, customer service, credit, engineering and supply chain management professionals — with the skills and expertise to meet its needs and help its business become more efficient,” said Kevin Chase, president, Chase Plastics. “We put tremendous effort into attracting and retaining high-quality professionals to help our customers reach their business goals, and our company’s growth is validation that customers, especially those in emerging markets such as Canada and Mexico, are responding positively to the brand of ‘outrageous’ service we provide.”

Chase Plastics currently employs 100 plastics professionals, serves more than 2,700 customers and is trending to exceed its goal of doubling total revenue between 2013 and 2020.

Canada

Strong increases in business in Ontario (12 percent) and Quebec (67 percent) contributed to Chase Plastics’ nine percent revenue growth between 2013 and 2014. The company recently hired a bilingual customer service representative to provide additional support for French-speaking customers served by the company’s bilingual sales team in Ontario and Quebec. Sales revenue in Ontario is expected to rise by 25 percent in 2015, while Quebec sales revenue is expected to rise by an additional 65 percent.

Mexico

Chase Plastics recently signed a distribution agreement with DSM Engineering Plastics, which enables the company to distribute additional high-quality, cost-effective materials to Mexican processors serving the automotive and electronics industries, as well as general industries. Additionally, Chase recently added bilingual sales support and assigned one of its technical service and application development engineers to the sales team serving the region, further elevating the level of service it provides customers in this fast-growing market.

ABOUT CHASE PLASTICS

Chase Plastics is a stocking distributor of more than 6,400 varieties of specialty, engineering and commodity thermoplastics from the industry’s leading manufacturers and global suppliers. In addition, Chase delivers engineering expertise, technical service, application development support, blending, repacking, inventory management and logistics services via a network of distribution centers, warehouses and sales locations throughout North and Central America.

Chase Plastics is Redefining Resin Distribution® with an approach to business that puts customer needs first. Formed in 1992, Chase Plastics has built its business on its ability to respond with the flexibility and urgency that plastic processors require. Based in Clarkston, Michigan, Chase Plastics was founded by Kevin and Carole Chase, who serve as the company’s president and vice president, respectively. Find more information at ChasePlastics.com.