Polytek Development Corp. Announces the Acquisition of BCC Products, Inc.
EASTON, Pa. and FRANKLIN, Ind. -- Polytek® Development Corp. ("Polytek"), a manufacturer of specialty polymers for mold making and casting applications, announced today the acquisition of BCC Products, Inc. ("BCC"). Polytek is a portfolio company of Arsenal Capital Partners.
Located in Franklin, Indiana, BCC is a leading supplier of specialty tooling, mold making, and casting polymers, serving customers across automotive, aerospace, foundry and marine markets. BCC manufactures world-class polyurethane elastomers and resins, CNC tooling board and foam, epoxy, silicone elastomers, and polyester repair materials. Beyond their popular standard product lines, BCC also offers custom-formulated polymer systems for unique applications.
This acquisition fortifies Polytek's leadership position in industrial mold making and casting solutions and will allow the organization to further serve industries with demanding tooling and casting requirements. Jonathan Kane, CEO of Polytek, commented, "The complementary manufacturing and technology capabilities of Polytek and BCC, along with our shared vision of excellent service, will allow us to better serve our customers with robust solutions for every mold making, casting and tooling challenge."
Roger Brunette, President of BCC, commented, "We look forward to the integration of the two companies, continued growth, and the ability to better serve our customers."
Roger will continue with Polytek and focus on growing the company's position in the molding and casting industry.
Genesis Capital, LLC acted as the financial advisor to Polytek.
About Polytek® Development Corp.
Founded in 1984, Polytek® Development Corp. is headquartered in Easton, PA with operations in Pomona, CA and Kalamazoo, MI. Polytek is a leading manufacturer of specialty polymers including polyurethane elastomers and casting resins, silicone, latex, plastisol, thermoplastic elastomers, and epoxies. These systems are used primarily in mold making and casting applications in industrial, construction, entertainment, arts and crafts, and technology sectors. Divisions of Polytek® include California Medical Innovations, Raw Material Suppliers, and Alumilite Corporation. www.polytek.com
About BCC Products, Inc.
Founded in 1974 and located in Franklin, IN, BCC Products, Inc. manufactures specialty polymers for tooling, mold making, and casting applications common in automotive, aerospace, foundry and marine industries. Primary product lines include polyurethane elastomers and resins, CNC tooling board and epoxy. www.bccproducts.com
About Arsenal Capital Partners
Established in 2000, Arsenal is a leading private equity firm that specializes in investments in middle-market specialty industrials and healthcare business services companies. Since inception, Arsenal has raised institutional equity investment funds of approximately $3 billion. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience and seeks companies typically in the range of $100 - $500 million of initial enterprise value. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. www.arsenalcapital.com
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SOURCE Polytek Development Corp.