Canadian Plastics

Private equity firm Arsenal Capital acquires specialty polymers maker Polytek

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.

October 24, 2018   Canadian Plastics

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.”


Print this page

Related Stories

Leave a Reply

Your email address will not be published. Required fields are marked *

*