Cleveland, Ohio – Morgenthaler Private Equity has acquired mould-maker Alumilite, and will merge it into one of the companies already in its portfolio, Polytek.
Polytek manufactures specialty polymers, including polyurethane elastomers and casting resins. It is based in Easton, Pennsylvania. Alumilite’s headquarters is in Kalamazoo, Michigan.
‘The acquisition of Alumilite will allow us to provide customers with a wider selection of products and packaging options, increased service, and greater accessibility to high-quality mold making and casting products,’ said Jonathan Kane, Polytek’s CEO.
‘Alumilite’s location in the Midwest complements our existing manufacturing locations and will allow us to respond and deliver with greater efficiency than ever before,’ he added.
