Chattanooga, TN - Platte River Equity ("Platte River") is excited to announce its portfolio company MFG Chemical ("MFG"), a specialty and custom manufacturer of complex chemistries, has acquired H.P. Polymers ("HPP" or the "Company"). HPP is an independent North American paint and coatings resin manufacturer based in Puslinch, Ontario. The Company's products are used in diverse end markets including metal, wood, marine, specialty and coil applications. The combined company will continue to provide its customers with advanced technologies, technical support and customer service.
“H.P. Polymers has a rich legacy of being a value-added partner to its customers, and we are excited to leverage the broader capabilities available through MFG to continue to grow and support our customers," said H.P. Polymers President, Darren VanNeck.
"We are thrilled to welcome the HPP team to MFG. The acquisition of H.P. Polymers represents a tremendous opportunity for MFG to expand its capabilities and product portfolio within the paint and coatings sector," said MFG CEO, Paul Turgeon.
“Platte River is excited about the acquisition of HPP, MFG's third in the past two years, and we believe that HPP will enhance MFG's product offering and accelerate the combined company's growth," added Tarun Kanthety, Vice President of Platte River.
