Nylon Corp. of America acquired by Sunil Kumar

Indian Businessman Sunil Kumar and his daughter Monica announced their acquisition of Nylon Corp. of America (Nycoa) for an undisclosed amount. Nycoa has annual sales of about $40 million. As a nylon resin manufacturer, it produces nylons and nylon compounds, as well as other engineering plastics.

In their announcement, Sunil Kumar said that they have been looking for a specialty chemicals company to acquire and found Nycoa as suitable. Monica Kumar will join the existing senior management team of Nycoa.

Nycoa is the second plastics company acquired by Sunil Kumar. In June 2013, he and his son Jay bought Universal Plastics Corp. Sunil Kumar was former president and CEO of International Specialty Products and GAF Materials Corp., both US-based.  Bridgestone/Firestone.