Epsilyte Holdings LLC Acquisition of Polysource Inc.

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THE WOODLANDS, Texas — Epsilyte Holdings LLC, a number one supplier of expandable polystyrene (EPS), companies, and options has acquired Polysource Inc., a number one producer of compounded EPS and molded merchandise utilized in constructing insulation, private security gear, and filtration media. Epsilyte is owned by Balmoral Funds and administration.

With the acquisition of Polysource, Epsilyte will function two distinct enterprise models: “EPS,” largely made up of the heritage Epsilyte enterprise, and the newly shaped “Compounded EPS” unit, which is usually comprised of the heritage Polysource enterprise primarily based in Piqua, OH with roughly 90 associates. Polysource at the moment sells compounded EPS and molded merchandise to prospects in over 15 nations.

“We’re thrilled to finish this acquisition and we welcome the Polysource associates to the Epsilyte staff,” mentioned Brad Crocker, President and Chief Govt Officer, of Epsilyte. “EPS is already a key enabler of carbon neutrality resulting from its nearly unmatched insulative properties. This acquisition additional strengthens our skill to boost efficiency of our merchandise by Polysource’s distinctive and environment friendly extrusion expertise enabling us to raised serve prospects with extra sustainable merchandise and true worth creation.” As a part of the transaction, Erik Wehtje, founding companion and Chairman of Polysource, will proceed to advise in each technical and business areas. “Erik is actually an knowledgeable within the improvement, manufacturing, and advertising of compounded EPS resin on a worldwide foundation and I’m happy to retain his information and counsel as we transfer ahead as a mixed firm,” mentioned Brad Crocker.

Based on David Shainberg of Balmoral Funds, “This acquisition permits Epsilyte to leverage its assets to proceed enhancing its enterprise and increasing its product portfolio. We’re excited in regards to the prospects of the Compounded EPS enterprise unit.”

Epsilyte additionally introduced that Matthew Cox will lead the Compounded EPS enterprise. Mr. Cox will be part of the Epsilyte management staff reporting to Brad Crocker. Mr. Cox joined Polysource in Could 2017 as President and CEO after spending nearly twenty years in varied banking and finance management roles. “Mr. Cox has been instrumental in growing each processes and markets whereas at Polysource and has the drive, expertise, technical abilities and management qualities wanted to totally maximize the worth we count on from this new enterprise,” Mr. Crocker mentioned. “Epsilyte brings the important mass, practical competence and technical capabilities we wanted to advance our enterprise to the following degree,” mentioned Mr. Cox.

Particulars of the transaction weren’t introduced.

About Epsilyte

Epsilyte is one among North America’s main producers of expandable polystyrene resin. We’re an organization of scale targeted on fixing buyer wants for environment friendly, high-R worth EPS. This consists of decreasing power utilization in buildings, making certain protected and wholesome meals by modern packaging expertise, and taking part in infrastructure funding each in america and overseas. Epsilyte is a portfolio firm of Balmoral Funds LLC. For extra info please go to www.epsilyte.com.

About Balmoral Funds

Balmoral is a Los Angeles, CA primarily based non-public fairness fund, based in 2005, with roughly $500 million of property beneath administration. Balmoral companions with gifted, aligned and dedicated administration groups to put money into and revitalize corporations. Balmoral sometimes invests in corporations which have revenues between $30 to $500 million and require fairness investments of $10 to $60 million. For extra info please go to: www.balmoralfunds.com.