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THE WOODS, Texas – (COMMERCIAL THREAD) – Epsilyte Holdings LLC, a leading supplier of advanced materials for building insulation, cold chain packaging and personal safety equipment has acquired StyroChem Canada, Ltd., a leading North American producer of Expandable Polystyrene (EPS) located in Baie d ‘Urfe, Quebec, from PMC Capital Partners, LLC. Epsilyte is owned by Balmoral Funds and the management.
This acquisition creates one of the largest producers of EPS in North America. Epsilyte will now operate three production sites, employ more than 300 people and provide customer solutions in more than 20 countries. Epsilyte plans to integrate StyroChem functions and operations into its current organization with minimal impact on StyroChem assets, employees and customers.
“We are delighted to complete this acquisition and welcome StyroChem associates to the Epsilyte team,†said Brad Crocker, President and CEO of Epsilyte. “Our advanced materials are already key catalysts for carbon neutrality due to their nearly unmatched insulating properties. This acquisition further strengthens our ability to enhance our portfolio through StyroChem’s unique and efficient operating technology, enabling us to better serve our customers with more sustainable products and real value creation. Mr Crocker added: “StyroChem has truly benefited from its forward thinking and experienced management team and I am delighted to be working closely with Glenn Wredenhagen, President of StyroChem, to build a great company that truly cares of our industry, our customers and our communities.
According to David Shainberg of Balmoral Funds, “This acquisition allows Epsilyte to leverage its resources to continue to improve its business and expand its product portfolio. We are excited about the prospects for improving our ESG message and performance based on this exciting combination. ”
Details of the transaction have not been announced.
About Epsilyte
Epsilyte is one of North America’s leading producers of advanced materials used in construction, packaging and safety equipment. We are a large-scale company focused on solving customer needs for efficient and highly insulating materials. Our more than 300 employees focus every day on reducing energy consumption in buildings; guarantee safe and healthy food through innovative packaging technology; protect lives with our impact resistant technology; and enable profitable and efficient infrastructure investments around the world. Epsilyte is a holding company of Balmoral Funds LLC. For more information, please visit www.epsilyte.com.
About the Balmoral funds
Balmoral is a Los Angeles, California-based private equity fund founded in 2005 with approximately $ 500 million in assets under management. Balmoral partners with talented, aligned and committed leadership teams to invest and revitalize businesses. Balmoral typically invests in companies with revenues between $ 30 million and $ 500 million and require equity investments of $ 10 million to $ 60 million. For more information, please visit: www.balmoralfunds.com.
About PMC Capital Partners, LLC
Founded in 2019, PMC Capital is on its way to becoming one of the fastest growing private equity firms investing in strategic opportunities where thinking, operational resources and flexible capital can empower management teams to ” execute their business plans. PMC Capital currently owns and operates a portfolio of high quality domestic and international companies in the lower middle market space, employing nearly 1,000 employees, with combined annual sales of approximately $ 450 million. With over 100 years of collective private equity experience, PMC Capital brings a successful track record of executing corporate carve-outs, recapitalizing balance sheets, acquiring founders-owned companies and executing of bolts. With a pool of committed capital backed by a family office, PMC Capital aims to control equity investment opportunities in the business services, industrial, TMT, consumer and healthcare sectors. The nature of PMC Capital’s platform allows for a longer-term time horizon and a business-friendly approach to ownership transitions, disposals and estates. The company is headquartered in Los Angeles, California. For more information, please visit www.pmccapital.com.
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