US firm buys speciality polymers maker Polytek

New York – US private equity firm Arsenal Capital Partners has acquired speciality polymers maker Polytek Development Corp. for an undisclosed price.

It’s the 25th plastics-related deal for the New York City based firm since 2012. Arsenal is acquiring Easton, Pa.-based Polytek from private equity firm Morgenthaler Private Equity of Cleveland.

Polytek’s proprietary specialty polymers, including polyurethane elastomers, casting resins, silicones and latex, are used by customers to create flexible moulds to make highly-detailed objects for a variety of industrial and consumer applications, Arsenal officials said in…

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