Epsilyte (Balmoral-backed) Acquires Polysource

Balmoral Affiliate and Management Acquire Flint Hills' Peru EPS Business (Epsilyte)

September 14, 2020

Manufacturing

An affiliate of Balmoral Funds LLC has signed a definitive agreement to purchase the expandable polystyrene (EPS) business of Flint Hills Resources in Peru, Illinois, in a management buyout led by industry veteran Brad Crocker. The business will operate under the trade name Epsilyte and the transaction was expected to close in fall 2020; Balmoral said it will partner with management to invest in growth and operational improvements.

Epsilyte Holdings Acquires StyroChem Canada Ltd. from PMC Capital Partners

October 4, 2021

Building Products

Epsilyte Holdings LLC, a Balmoral Funds portfolio company, has acquired StyroChem Canada, Ltd. from PMC Capital Partners; financial terms were not disclosed. The deal creates one of North America’s largest producers of expandable polystyrene (EPS), with Epsilyte operating three production sites and more than 300 associates, and is intended to expand capacity and customer solutions across building insulation, packaging and safety markets.

Carlisle Companies Acquires Plasti‑Fab (PFB's EPS Insulation Business)

October 18, 2024

Building Products

Carlisle Companies has completed the purchase of the expanded polystyrene (EPS) insulation segment of PFB Holdco, Inc. — comprised of the Plasti‑Fab and Insulspan brands — for approximately $259.5 million in cash. The business, headquartered in Calgary, Alberta with manufacturing operations in Canada and the U.S., expands Carlisle's EPS capabilities and geographic footprint and is expected to close in Q4 2024 (transaction announced as a sale by The Riverside Company / PFB).

Altor Solutions Acquires Foam Concepts

February 2, 2022

Manufacturing

Altor Solutions, a Compass Diversified-backed packaging and componentry platform, acquired Foam Concepts, Inc., a Uxbridge, Massachusetts manufacturer of expanded polystyrene (EPS) foam products. The acquisition expands Altor's manufacturing footprint in the Northeast and strengthens its capabilities in protective and cold-chain packaging as part of a broader consolidation strategy.

Alter Pharma Acquires EcoPharmaSupply (EPS)

April 6, 2022

Pharmaceuticals

Belgian pharmaceutical group Alter Pharma — a Riverside-backed platform — has acquired EcoPharmaSupply (EPS), a Benelux-focused pharmaceutical distributor and services company. The add-on expands Alter Pharma’s distribution footprint, product portfolio (OTC, consumer health, medical devices and prescription drugs) and logistics/procurement capabilities to support pharmacy and hospital customers in the Benelux region.

Hydrite Acquires Enterprise Specialty Products, Inc.

September 4, 2025

Manufacturing

Hydrite, a family-owned chemical manufacturer headquartered in Brookfield, Wisconsin, acquired Enterprise Specialty Products, Inc. (ESP), a Laurens, South Carolina-based foam control product provider, effective September 3, 2025. The deal expands Hydrite’s product portfolio and marks its entrance into the U.S. Southeast region; ESP founder Allen Waters will continue to oversee day-to-day operations to ensure continuity for customers and employees.