Polytek Inks Acquisition
EASTON, Pa. and SAN MARCOS, Calif., July 25, 2017 /PRNewswire/ — Polytek® Development Corp., a manufacturer of specialty polymers including polyurethane elastomers and casting resins, silicones, epoxies, and latex, has announced today the acquisition of Raw Material Suppliers, a distributor of private-labeled RTV silicone, urethane, mold release, and adhesive products. The acquisition was assisted by MPE Partners and will further enhance their investment portfolio.
Steve Levine, Founder of Raw Material Suppliers added, “We are excited to partner with Polytek, which will supplement our existing offerings and allow us to better service our valued customers.” Moving forward, Levine will serve as a senior sales executive with the combined entity.
Jonathan Kane, CEO of Polytek commented, “The acquisition of Raw Material Suppliers further enhances our product offerings, deepens our technical expertise and solidifies our ability to serve customers on the west coast.”
About Polytek® Development Corp.
Started in 1984 and headquartered in Easton, PA, Polytek® Development Corp. is a leading manufacturer of specialty polymers including: polyurethane elastomers and casting resins, silicones, epoxies, and latex. These systems are used primarily in mold making and casting applications in industrial, construction, entertainment, fine arts and technology sectors. www.polytek.com
About Raw Material Suppliers
Headquartered in San Marcos, California, Raw Material Suppliers is a distributor of private-labeled RTV silicone, urethane, mold release, and adhesive products. www.rawmaterialsuppliers.com
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SOURCE Polytek Development Corp.