Epsilyte Holdings LLC Acquisition of Polysource Inc.

THE WOODLANDS, Texas–(Organization WIRE)–Epsilyte Holdings LLC, a main supplier of expandable polystyrene (EPS), expert services, and options has obtained Polysource Inc., a top producer of compounded EPS and molded items applied in building insulation, private basic safety tools, and filtration media. Epsilyte is owned by Balmoral Cash and administration.

With the acquisition of Polysource, Epsilyte will run two distinctive business units: “EPS,” mostly manufactured up of the heritage Epsilyte enterprise, and the recently formed “Compounded EPS” unit, which is mainly comprised of the heritage Polysource company primarily based in Piqua, OH with roughly 90 associates. Polysource currently sells compounded EPS and molded merchandise to clients in in excess of 15 nations.

“We are thrilled to total this acquisition and we welcome the Polysource associates to the Epsilyte group,” reported Brad Crocker, President and Main Govt Officer, of Epsilyte. “EPS is by now a crucial enabler of carbon neutrality thanks to its just about unmatched insulative attributes. This acquisition even more strengthens our skill to increase general performance of our items as a result of Polysource’s one of a kind and economical extrusion technological know-how enabling us to improved provide shoppers with additional sustainable merchandise and accurate value generation.” As element of the transaction, Erik Wehtje, founding partner and Chairman of Polysource, will continue to advise in both of those specialized and industrial regions. “Erik is genuinely an specialist in the enhancement, production, and marketing of compounded EPS resin on a worldwide basis and I’m pleased to retain his knowledge and counsel as we move forward as a blended enterprise,” said Brad Crocker.

According to David Shainberg of Balmoral Money, “This acquisition permits Epsilyte to leverage its means to carry on strengthening its company and increasing its merchandise portfolio. We are thrilled about the prospective customers of the Compounded EPS business enterprise device.”

Epsilyte also announced that Matthew Cox will guide the Compounded EPS business. Mr. Cox will be a part of the Epsilyte leadership group reporting to Brad Crocker. Mr. Cox joined Polysource in Could 2017 as President and CEO soon after paying out practically twenty many years in numerous banking and finance management roles. “Mr. Cox has been instrumental in building each procedures and marketplaces when at Polysource and has the push, practical experience, complex competencies and leadership attributes essential to absolutely maximize the value we expect from this new business,” Mr. Crocker reported. “Epsilyte brings the important mass, useful competence and complex abilities we required to progress our business to the upcoming level,” reported Mr. Cox.

Details of the transaction were not introduced.

About Epsilyte

Epsilyte is one particular of North America’s primary producers of expandable polystyrene resin. We are a business of scale centered on fixing buyer requirements for efficient, substantial-R value EPS. This contains decreasing power usage in structures, guaranteeing secure and balanced foodstuff via impressive packaging technology, and collaborating in infrastructure financial commitment each in the United States and overseas. Epsilyte is a portfolio company of Balmoral Money LLC. For far more information and facts please check out www.epsilyte.com.

About Balmoral Funds

Balmoral is a Los Angeles, CA based non-public fairness fund, founded in 2005, with roughly $500 million of assets below administration. Balmoral associates with gifted, aligned and committed administration groups to spend in and revitalize providers. Balmoral generally invests in companies that have revenues among $30 to $500 million and call for fairness investments of $10 to $60 million. For far more information and facts you should pay a visit to: www.balmoralfunds.com.