Epsilyte Holdings Acquires StyroChem Canada Ltd. from PMC Capital Partners

PMC Capital Group Acquires StyroChem Canada from WinCup

August 21, 2019

Manufacturing

PMC Capital Group, LLC has completed the acquisition of StyroChem Canada, Ltd. from WinCup, Inc. StyroChem is a manufacturer of expandable polystyrene (EPS) products with over $100 million in revenue and production sites in Quebec and Fort Worth; PMC Capital said it will partner with existing management to continue operations and pursue organic growth and future acquisitions.

Epsilyte (Balmoral-backed) Acquires Polysource

June 1, 2021

Manufacturing

Epsilyte Holdings LLC, a portfolio company of Balmoral Funds, has acquired Polysource Inc., a Piqua, Ohio-based producer of compounded expandable polystyrene (EPS) and molded products. The deal creates a new "Compounded EPS" business unit within Epsilyte (Polysource has ~90 employees), retains Polysource chairman Erik Wehtje as an adviser, and names Matthew Cox to lead the new unit.

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.

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).

Wynnchurch Capital Acquires Insulation Corporation of America

January 6, 2021

Manufacturing

Wynnchurch Capital has acquired Insulation Corporation of America (ICA), an Allentown, Pennsylvania-based manufacturer of expanded polystyrene (EPS) foam products. ICA will be combined under a single platform with Wynnchurch portfolio companies Drew Foam Companies, Inc. and Huntington Foam, LLC to expand the platform’s geographic reach and product capabilities in the Northeast U.S.

Foam Holdings Acquires Fabricated Packaging Materials

November 16, 2021

Packaging

Foam Holdings Inc., a portfolio company of Wynnchurch Capital, has acquired Fabricated Packaging Materials, Inc. (FPM), a Lancaster, Ohio-based manufacturer of block molded expanded polystyrene (EPS). The acquisition is an add-on to Foam Holdings' materials solutions platform intended to extend its footprint in core end-markets and enhance its EPS manufacturing and packaging capabilities.