Polytek Acquires Endurance Technologies
|Arsenal’s Polytek Acquires Endurance Technologies|
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|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.