Private equity firm Arsenal Capital acquires specialty polymers maker Polytek

In a move that expands its holdings in the material sector, private equity firm Arsenal Capital Partners has acquired specialty polymers maker Polytek Development Corp. for an undisclosed price.

Easton, Pa.-based Polytek’s proprietary specialty polymers are used by customers to create flexible molds to reproduce detailed, complex objects for a variety of industrial and consumer applications, including concrete casting, special effects, tooling, sculpture, and prototyping.

Headquartered in New York City, Arsenal has previously built Accella Performance Materials, a polyurethanes systems company, through nine strategic acquisitions, and Elite Comfort Solutions, a manufacturer of specialty polyurethane foam technologies serving the bedding market.

“Polytek has developed niche technologies in a number of applications, with a strong reputation of innovation and technical support,” Roy Seroussi, an investment partner at Arsenal, said in a statement. “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.”