Cleveland, Ohio – CASE resins maker, Polytek Development Corp is expanding its capabilities, after its private equity owner MPE Partners acquired Raw Material Suppliers (RMS). MPE plans to merge the two businesses together to create a nationally integrated specialty chemicals provider.
Polytek, whose headquarters is in Easton, Pennsylvania, manufactures specialty polymers, including: polyurethane elastomers and casting resins. San Marcos, California-based RMS distributes private labelled urethane, silicone, mould release and adhesive products.
‘We saw a great fit between Polytek and RMS, and believe the synergies between the two will accelerate the growth of the combined company,’ said Graham Schena, principal at MPE.
Steve Levine, founder of RMS, will serve as a senior sales executive with the combined entity. ‘We are excited to partner with Polytek, which will supplement our existing offerings and allow us to better service our valued customers.’
