Polyventive | December 13, 2021
Polyventive LLC has acquired the Surfactants and Dyes & Pigments businesses of Tri-TexCo Inc and Trichromatic-West, Inc from SK Capital Partners.
Tri-Tex is a specialty manufacturer of surfactants, dyes, pigments, and water-based polymers used in Textile, Personal Care, Cleaning and Industrial applications. Tri-Tex backs its products with comprehensive technical, applications, supply chain and logistics expertise. Tri-Tex has manufacturing facilities in Quebec, Canada and Los Angeles, California.
"The addition of the Tri-Tex team, product portfolio, applications expertise, and manufacturing facilities advance Polyventive's strategy to become the premier North American developer and supplier of cost effective, environmentally forward solutions in all of our targeted growth areas."
Zay Risinger, President of Polyventive
Concurrent with this transaction, Tri-Tex sold its adhesives business to Meridian Adhesives Group.
About Polyventive LLC
Polyventive is a leading North American manufacturer of specialty chemical solutions for the HI&I, Water Treatment, Personal Care, Construction, Soft Floor Covering, and Textile industries. Polyventive's manufacturing, technical capabilities, applications expertise, and focus on solving customer problems has made it the first choice for industry leading solutions. With manufacturing and logistics facilities located in Northwest Georgia, USA, the company has best-in-industry service levels that underpin its commitment to meeting its customers' needs.
PPG Industries | February 22, 2021
PPG (NYSE:PPG) today announced that it has completed its acquisition of VersaFlex from DalFort Capital Partners. VersaFlex specializes in polyurea, epoxy and polyurethane coatings for water and wastewater infrastructure, flooring, transportation infrastructure, and industrial applications. Financial terms were not disclosed.
VersaFlex is an aggregation of four U.S.-based protective coatings companies, consisting of legacy VersaFlex, Raven Lining Systems, Milamar Coatings and Specialty Products, Inc. The company has approximately 130 employees and three manufacturing sites located in Kansas, Oklahoma and Washington. Its full year 2020 revenue was approximately $70 million.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
About DalFort Capital Partners
DalFort Capital Partners is a sector-focused investment firm based in Dallas, Texas, specializing in partnering with entrepreneurs and management teams in the lower middle market. The company works collaboratively to strengthen a company's strategic and financial position through operational improvements and acquisitions of complementary businesses. DalFort specialize in identifying and executing strategic add-on acquisitions for our portfolio companies that enhance the company's relationship with existing customers and expand its reach into new geographies or market niches.
PureCycle | August 06, 2021
PureCycle Technologies, Inc. announces a strategic partnership with Gulfspan Industrial, LLC to build and reserve construction space in Beaumont, Texas for the fabrication of modular processing lines. Gulfspan's expanded capacity will help PureCycle's mission to grow its ability to recycle polypropylene (PP) into ultra-pure, sustainable plastic resin. This collaboration will also centralize and streamline PureCycle's module construction process, allowing the modules to be built and transported to sites across the world.
"Our partnership with Gulfspan sets another key foundational component for PureCycle to more efficiently implement and control our growth plan," said Dustin Olson, PureCycle chief manufacturing officer. "Streamlining the process of building and installing modular plants means we intend to build faster and more cost effectively, thereby allowing us to increase our recycling capacity. Our mission is to have every person, household and business view polypropylene as a sustainable resource. This partnership will help us accelerate PureCycle's role in achieving this goal."
Gulfspan Industrial is set in a cost-competitive and highly skilled labor market with key infrastructure available to support PureCycle's upcoming construction projects. Gulfspan is currently supporting existing strategic partners with the building of PureCycle's Ironton, Ohio plant and the pre-planning activities for the Augusta, Georgia cluster facility.
PureCycle uses proprietary super-critical solvent purification technology to recycle waste PP into ultra-pure recycled-PP (rPP) for applications spanning consumer goods, automotive, building and construction, and industrial uses. The company can process a wide range of waste PP with varying levels of contamination and effectively remove containments to create an ultra-pure polypropylene resin.
Construction on the flagship Ironton, Ohio recycling facility is well underway and expected to begin commercial production in the fourth quarter of 2022. PureCycle has already presold more than 20 years of rPP output from the Ohio plant and announced in July the location for the first cluster facility in Augusta, Georgia. This second location will have the capacity for up to five processing lines with the capability to produce up to 650 million pounds of rPP toward PureCycle's one-billion-pound goal. Engineering for the cluster facility was started in Q2 2021 with construction set to begin in Q1 2022.
About PureCycle Technologies
PureCycle Technologies LLC, a subsidiary of PureCycle Technologies, Inc., holds a global license to commercialize the only patented solvent-based purification recycling technology, developed by The Procter & Gamble Company, for restoring waste polypropylene (PP) into ultra-pure resin. The proprietary process removes color, odor and other contaminants from recycled feedstock resulting in ultra-pure polypropylene suitable for any PP market.