Comstock Township, Michigan – Polytek Development, which makes polyurethane systems for casting and mould making, will invest around $2.1m in a new plant and facilities here.
The investment is being helped with a $112,000 grant from the local economic development corporation. In total 28 people could find jobs at the site.
Polytek is a platform company owned by Arsenal Capital Partners.It will use the new plant to consolidate work from several other locations.
Polytek has several locations from which it could chose to merge work into Michigan following a concerted programme of purchases. It bought:
- BCC Products in October;
- Stone Coat Countertops, an epoxy formulator in August; and,
- ProMarine Supplies, also an epoxy formulator came into the fold earlier this year.
Before Arsenal bought Polytek, Polytek expanded when its previous owner bought Alumilite in 2018.
Mike Faupel is the vice president of Polytek's Alumilite division. He said: 'We would like to thank Michigan Economic Development Corporation and Southwest Michigan First for their time and support. We are eager to expand our team and develop community partners in Comstock township.'
