New York, New York – Arsenal Capital Partners is to acquire mould-making polymer specialist Polytek from fellow private equity firm Morgenthaler. The terms of the acquisition have not been disclosed.
Eastman, Pennsylvania-based Polytek’s range of proprietary specialty polymers are used to create flexible moulds that allow highly detailed, complex objects to be manufactured. These have applications for both industrial and consumer products, including tooling and prototyping, and include polyurethane elastomers and casting resins.
Arsenal investment partner Roy Seroussi said: ‘Polytek has developed niche technologies in a number of applications, with a strong reputation of innovation and technical support. The company’s portfolio fits well with Arsenal’s previous expertise in polymer technologies, such as in polyurethanes, silicones, and epoxies, where we have successfully invested in the past.’
Don Nolan, chair of Polytek’s board, added: ‘Polytek has a track record of successfully acquiring and integrating complementary technologies and product lines focused on its key markets. We will continue the trajectory of acquiring high-value polymer solutions and expect robust acquisition activity over the next few years.’