New York -- Private investment firm Enhanced Capital Partners Inc. has provided $4.4 million financing to spray foam and coatings group Lapolla Industries Inc.
Lapolla will use the funds for working capital to help grow its business further.
In a statement, Douglas Kramer, Lapolla's president and ceo, said, "We are very pleased with Enhanced Capital further supporting Lapolla's growth and green job creation in Texas over the past seven years."
"We believe that Lapolla is well positioned to take advantage of the increasing desire of consumers to lower their energy costs. Lapolla's products provide substantial energy savings through their spray foam insulation as well as their acrylic roof coatings," said Holbrook Forusz, Enhanced vice president, in the announcement.
Houston, Texas-based Lapolla is a manufacturer of insulation foam and coating products for commercial, industrial and residential uses in the roofing and insulation construction industries.