Company News
February 8, 2021
Polytek Acquires Endurance Technologies
Arsenal’s Polytek Acquires Endurance Technologies Easton, PA & South St. Paul, MN – February 3, 2021 –
Polytek® Development Corp. (“Polytek”), a manufacturer of specialty polymers for mold making, casting, and coating applications, announced today the acquisition of Endurance Technologies. Polytek is a portfolio company of Arsenal Capital Partners.
Based in South St. Paul, Minnesota, Endurance Technologies has decades of formulation and manufacturing experience with a strong focus on polyurethane and epoxy systems. Their brands are well-known throughout industrial and consumer sectors, with formulations for coating, laminating, bonding, casting and molding. Endurance Technologies’ industrial brand, Custom Polymer Designs, is a trusted name in marine, aerospace, construction, and recreational composites, while their consumer brands, including MAS Epoxies, are popular in do-it-yourself, art, and craft communities.
Doug Lorenz, CEO of Polytek, commented “Endurance Technologies has a proven track record of success and market growth built on superior product quality, custom solutions, and hands-on technical support. The companies share similar objectives and values and together we’re really looking forward to showing our customers the benefit of this collaboration.”
The addition of Endurance Technologies further expands Polytek’s manufacturing locations and capabilities and elevates their technical proficiency with the integration of seasoned research and development teams. This collaboration will provide Polytek and Endurance Technologies customers with a broader product portfolio, increased technical support and customer service, and product accessibility. David Hoeffel, owner of Endurance Technologies added, “Polytek is a great fit for the next chapter of our business. Our team is excited to join forces and work on initiatives that will expand product options and support services for our customers.” The two companies will continue to do business under their existing names, and Hoeffel will remain in an active role within the Endurance Technologies brand as well as support broader initiatives within the Polytek organization.
Genesis Capital, LLC acted as the financial advisor to Polytek.
February 8, 2021
Polytek Acquires Endurance Technologies
Arsenal’s Polytek Acquires Endurance Technologies Easton, PA & South St. Paul, MN – February 3, 2021 –
Polytek® Development Corp. (“Polytek”), a manufacturer of specialty polymers for mold making, casting, and coating applications, announced today the acquisition of Endurance Technologies. Polytek is a portfolio company of Arsenal Capital Partners.
Based in South St. Paul, Minnesota, Endurance Technologies has decades of formulation and manufacturing experience with a strong focus on polyurethane and epoxy systems. Their brands are well-known throughout industrial and consumer sectors, with formulations for coating, laminating, bonding, casting and molding. Endurance Technologies’ industrial brand, Custom Polymer Designs, is a trusted name in marine, aerospace, construction, and recreational composites, while their consumer brands, including MAS Epoxies, are popular in do-it-yourself, art, and craft communities.
Doug Lorenz, CEO of Polytek, commented “Endurance Technologies has a proven track record of success and market growth built on superior product quality, custom solutions, and hands-on technical support. The companies share similar objectives and values and together we’re really looking forward to showing our customers the benefit of this collaboration.”
The addition of Endurance Technologies further expands Polytek’s manufacturing locations and capabilities and elevates their technical proficiency with the integration of seasoned research and development teams. This collaboration will provide Polytek and Endurance Technologies customers with a broader product portfolio, increased technical support and customer service, and product accessibility. David Hoeffel, owner of Endurance Technologies added, “Polytek is a great fit for the next chapter of our business. Our team is excited to join forces and work on initiatives that will expand product options and support services for our customers.” The two companies will continue to do business under their existing names, and Hoeffel will remain in an active role within the Endurance Technologies brand as well as support broader initiatives within the Polytek organization.
Genesis Capital, LLC acted as the financial advisor to Polytek.
February 3, 2021
Stockmeier UL Certified Products
STOCKMEIER Urethanes now has UL GREENGUARD and UL GREENGUARD Gold Certified products. Their certified products have undergone rigorous scientific testing to meet some of the world’s most stringent chemical emissions requirements. The GREENGUARD Gold Certification standard includes health-based criteria for additional chemicals and requires lower total VOC emissions levels to help ensure that products are acceptable for use in environments like schools and healthcare facilities.
“Globally, we are dedicated to finding solutions that will create a healthier environment by reducing chemical exposure,” stated, Andreas Schulze Ising, Director of Sales at STOCKMEIER Urethanes USA, Inc. “As chemical manufacturers, we understand the need to produce environmentally friendly solutions to better protect our earth and make us a sustainable company for years to come.”
See the products here: https://spot.ul.com/main-app/products/catalog/?keywords=Stobielast
February 3, 2021
Stockmeier UL Certified Products
STOCKMEIER Urethanes now has UL GREENGUARD and UL GREENGUARD Gold Certified products. Their certified products have undergone rigorous scientific testing to meet some of the world’s most stringent chemical emissions requirements. The GREENGUARD Gold Certification standard includes health-based criteria for additional chemicals and requires lower total VOC emissions levels to help ensure that products are acceptable for use in environments like schools and healthcare facilities.
“Globally, we are dedicated to finding solutions that will create a healthier environment by reducing chemical exposure,” stated, Andreas Schulze Ising, Director of Sales at STOCKMEIER Urethanes USA, Inc. “As chemical manufacturers, we understand the need to produce environmentally friendly solutions to better protect our earth and make us a sustainable company for years to come.”
See the products here: https://spot.ul.com/main-app/products/catalog/?keywords=Stobielast
February 3, 2021
Enterprise Propylene Comments From 2020 Results Release
Petrochemical & Refined Products Services – Gross operating margin for the Petrochemical & Refined Products Services segment increased 27 percent, or $63 million to $297 million for the fourth quarter of 2020 from $234 million for the fourth quarter of 2019. Total segment pipeline transportation volumes were up 19 percent to 867 MBPD this quarter versus 729 MBPD for the same quarter in 2019, and marine terminal volumes were up 20 percent to 297 MBPD this quarter compared to the same quarter of 2019.
The partnership’s propylene business reported a $91 million increase in gross operating margin to a record $169 million for the fourth quarter of 2020. Total propylene production volumes increased 17 percent to 104 MBPD for the fourth quarter of 2020 from 89 MBPD in the fourth quarter of 2019. Enterprise’s propylene production facilities located at Mont Belvieu, which includes its propylene fractionators and propane dehydrogenation (“PDH”) unit, contributed $85 million to the quarterly increase in gross operating margin, including $30 million from the PDH facility. This increase was primarily due to higher sales margins, higher average fees, lower maintenance expenses related to the propylene fractionation facilities and an 8 MBPD increase in propylene production from the PDH facility, which on average operated at its nameplate capacity of 25 MBPD for the fourth quarter of 2020. Higher average export fees led to a $3 million increase in gross operating margin from the propylene export terminals, which benefited from a 26 percent increase in export volumes to 24 MBPD in the fourth quarter of 2020 as compared to the fourth quarter of 2019.
Gross operating margin from ethylene exports, pipelines, and related services increased $11 million this quarter compared to the fourth quarter of 2019. The partnership’s ethylene export marine terminal, which was placed into partial service in December 2019 and full service in December 2020, had gross operating margin of $5 million in the fourth quarter of 2020 on loading volumes of 12 MBPD net to our 50 percent interest at the terminal.
Enterprise’s refined products pipeline and related activities reported a $14 million decrease in gross operating margin for the fourth quarter of 2020 compared to the fourth quarter of 2019, primarily due to an $18 million decrease in gross operating margin from our TE Products Pipeline System, primarily due to a 22 MBPD reduction in NGL transportation volumes and lower deficiency fees that were partially offset by higher refined products fees.
Gross operating margin from Enterprise’s octane enhancement, isobutane dehydrogenation (“iBDH”) and related operations for the fourth quarter of 2020 decreased $19 million as a result of lower average sales margins, partially offset by higher sales volumes and lower maintenance expenses.
The partnership’s PDH and octane enhancement facilities are scheduled for planned turnarounds during the first quarter of 2021. We expect these plants to be out of service for approximately 45 days and 24 days, respectively, during the first quarter, with completion of the octane enhancement turnaround expected in April 2021. In addition, we expect to incur approximately $115 million of sustaining capital expenditures associated with these turnarounds in 2021.
https://www.businesswire.com/news/home/20210203005280/en/Enterprise-Reports-2020-Results
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