The InterTech Group likes to interweave a wide variety of technology-driven manufacturing businesses with other activities, such as business services (image marketing, financial transaction services) and entertainment. The group, a holding company with more than 100 businesses worldwide, puts its primary focus on polymer and elastomer plastics and fiber products, including industrial protective wear and fabrics used by firefighters and astronauts (through its PBI Performance Products subsidiary). Products include gaskets, sealing devices, and woven and nonwoven fabrics. InterTech Group is owned by the founding Zucker family.
While specialty chemicals (ultra-high-temperature fibers) is its focus, InterTech Group also owns businesses in a range of industries (including aerospace composite/metal helicopter exhaust systems), financial services, investments, leisure and entertainment (ice arenas), manufacturing, and real estate.
The company’s major subsidiaries include PBI Performance Products, and TIGHITCO.
PBI polymer and fibers were developed for NASA to provide fire protection for the astronauts. Primary products include branded fibers and fabrics for fire service and industrial protective wear, molded shapes and parts for semiconductor and industrial applications, and films for the proton exchange membrane fuel cell market. PBI Matrix and PBI Gold brands are used by fire departments worldwide while PBI Gold and PBI Triguard brands provide lightweight protective apparel for industrial and electrical workers.
PBI's Celazole polymer is used to make compression and injection molded parts for semiconductor and electronic manufacturing tools, thermal insulation parts, and industrial wear and friction applications.
TIGHITCO is an industry leader in the design and fabrication of engineered components for aerospace and industrial applications.
Its Real Estate portfolio includes retail, office, manufacturing and warehousing space. Its industrial real estate holdings include properties with up to 1 million square feet. InterTech Group’s investments include global equities, as well as public debt and municipal financing instruments.
Sales and Marketing
InterTech Group serves a wide range of industries, including aerospace, construction materials, home furnishings, hygiene, medical, power generation, and sporting goods.
The company is growing its infrastucture in relatively low-cost South Carolina. Expanding its infrastructure to meet demand, in 2013 InterTech Group completed the first 120,000-square-foot phase of a new factory for its TIGHITCO business to make aerospace parts (as part of along-term plan is to invest $40 million, and more than double its square footage of factory space).
Mergers and Acquisitions
Over the past three decades InterTech Group has grown through acquiring scores of businesses, including divisions of Fortune 500 companies such as Celanese, DuPont, Exxon Mobil, and Scott Paper.
The company made a deal in 2013 that gives it the option to double its long-held stake to 20% in an South Carolina company that makes high-performance foam products for the health care industry.
In 2012 The London Ice Park, an ice arena in southeast London, was bought out of bankruptcy by InterTech Group affiliate Buckingham Sports Properties, which promised to invest an initial $1 million into the facility and surrounding property.
The company was founded in 1982 by the late Jerry Zucker, who in 2006 led the acquisition of Canada's Hudson's Bay Company (North America's oldest business enterprise). By the time of his death in 2008, Zucker owned more than 300 patents.