SK Capital and Techmer PM Management to Retain a Stake in the Company
CLINTON, Tenn. , Sept. 7, 2022 /PRNewswire/ -- Techmer PM, LLC ("Techmer PM" or "the Company") announced today that it has received a majority investment from Gryphon Investors ("Gryphon"), a leading middle-market private equity firm. Techmer PM's founder John Manuck , the Company's management team, and SK Capital, a private investment firm with a focus on the specialty materials, chemicals, and pharmaceuticals sectors, will remain investors in the company alongside Gryphon. The terms of the deal were not disclosed.
Founded in 1981, Techmer PM is known for its development of innovative materials which add functionality to materials, including fast-growing technologies, such as composites and additive manufacturing. The Company serves customers across a diverse set of global markets serving many leading consumer products and packaging, healthcare, and building product OEMs. Techmer PM CEO Mike McHenry will continue to lead the Company, supported by the existing management team.
"The Techmer team has significantly improved the overall business performance in a very challenging market environment. We are excited by the additional support, expertise, and resources that will come from Gryphon's investment," said Mr. McHenry. "We have a number of commercial strategies to expand our offering and deliver first-class service to a diverse customer base, and we believe that Gryphon, alongside SK Capital, gives us additional operational and capital resources to help Techmer maximize its potential in enabling brand success for our customers."
Techmer PM represents Gryphon's fourth investment in the materials and chemicals sector. The firm's previous acquisitions include Pacur, a market-leading supplier of specialty plastic packaging materials for the medical device industry; Kano, a branded penetrating oils and lubricants producer; and Vivify Specialty Chemicals, a leading provider of specialty organic colorants, functional ingredients, and additives.
"With our investment in Techmer PM, we are excited to partner with another leader in the advanced materials space," said Craig Nikrant , Gryphon Operating Partner. "Techmer PM is at the forefront of delivering functional performance in some of the most critical and active areas of today's economy, including weather resistance, light-weighting, and sustainable materials."
Deal Partner and Head of the Industrial Growth Group at Gryphon Leigh Abramson added, "We see great potential for the company to grow its global reach and continue investing in technologies and capabilities that enable its customers to deliver the most innovative and complex projects. We look forward to partnering with Mike, his management team, and SK Capital as we work together to identify and pursue organic growth opportunities and strategic acquisitions."
Techmer PM operates six production sites strategically located throughout North America , serving customers globally. It focuses on high-performance applications where quality, technical support, and problem-solving are critical in the design and delivery of engineered materials.
Piper Sandler served as financial advisor to Techmer PM in this transaction. Guggenheim Securities served as financial advisor to Gryphon in this transaction.
About Techmer PM Founded in 1981 and based in Clinton, TN , Techmer PM is a materials design company specializing in modifying and fine-tuning the properties of technical polymers. The company thrives on collaborating with plastics processors, fabricators, designers, specifiers, and brand owners. Drawing on a broad portfolio of resins –– from polyolefins to PEEK –– Techmer PM helps manufacturers enhance product function and appearance in scores of end-use markets. The firm operates six North American plants and has extensive expertise in virtually every plastic- and fiber-related process, from additive manufacturing and blown film to nonwovens, injection molding, and sheet extrusion. Techmer PM has been recognized six times since 2014 by Plastics News on its list of "Best Places to Work" in North America's plastics industry. Learn more at www.techmerpm.com.
About Gryphon Investors Based in San Francisco , Gryphon Investors (www.gryphoninvestors.com) is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management. As of December 31, 2021 , the firm has over $9 billion of assets under management. Gryphon targets making equity investments of $50 million to $300 million in portfolio companies with enterprise values ranging from approximately $100 million to $600 million . Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon's capital, specialized professional resources, and operational expertise.
About SK Capital SK Capital is a private investment firm with a disciplined focus on the specialty materials, specialty chemicals, and pharmaceuticals sectors. The firm seeks to build strong and growing businesses that create substantial long-term economic value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital's portfolio of businesses generates revenues of approximately $16 billion annually, employs more than 20,000 people globally, and operates 203 plants in 32 countries. The firm currently has approximately $6.6 billion of assets under management. For more information, please visit www.skcapitalpartners.com.
Contact: Jennifer Hurson Lambert jhurson@lambert.com 845.507.0571
View original content:https://www.prnewswire.com/news-releases/techmer-pm-a-leading-producer-of-advanced-engineered-materials-and-masterbatch-products-announces-an-investment-from-gryphon-investors-to-accelerate-growth-301618971.html
SOURCE Techmer PM; Gryphon Investors
Berkshire Hathaway is on pace to collect $6.07 billion in dividend income over the next 12 months. Just five holdings will account for 71% of total payouts.
Nio (NYSE: NIO) reported increasing losses in its second-quarter earnings report this week, but investors are shrugging that off, sending shares soaring Friday morning. Although its profit margins have been on a downward trend, new models being launched could turn that around in the coming years. Consumer prices in China increased at a slower pace than many expected in August, and producer inflation sank to the lowest level since February 2021, reports Reuters.
Advanced Micro Devices, Inc. stock is trending on the Yahoo Finance Platform. Here is a visualization of $AMD performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.Check out the ticker page here.
The S&P 500 is on again, off again all year. But investors clearly have a "buy list" of stocks they want to own when the rally looks real.
Canadian cannabis company Tilray Brands (NASDAQ: TLRY) hasn't been a great stock for shareholders over the last year, with shares down more than 70%. Part of the reason for that has been the lack of progress toward legalizing cannabis in the U.S. But Tilray has established a presence south of the Canadian border and has profitable beer and spirits businesses there. An expansion of one of those businesses had investors pushing Tilray stock 4.6% higher as of 12:40 p.m. ET Friday.
A strong bearish trend defined the markets in the first half of the year; since then, the key point has been volatility. Stocks hit a bottom back in June, when the S&P 500 dropped into the 3,600s. That has proven to be a support level in the last two months, and at least one strategist believes that the market won’t be testing those lows again this year. JPMorgan's Jason Hunter believes that inflation may have peaked, and that the upcoming CPI report will provide additional evidence of that. “We
It's time to be extra picky.
Gary Gensler had strong words for the crypto industry in a Thursday speech, telling an audience of lawyers that the "vast majority" of the nearly 10,000 existing crypto tokens are securities.
AT&T income-hungry shareholders should have seen it coming. In April last year, a month before announcing the spinoff of its media division to shareholders in the form of shares of a 71% stake in the newly created Warner Bros. Discovery Chief Executive Officer John Stankey assured investors that “our deliberate capital-allocation plan allowed us to invest and sustain our dividend at current levels, which we believe is attractive.” AT&T’s eventual failure to raise the dividend in 2021 broke a 34-year streak and saw it booted out of the vaunted S&P 500 Dividend Aristocrats Index.
Annaly Capital Management (NLY) closed at $6.65 in the latest trading session, marking a -0.15% move from the prior day.
Investors are seeing higher growth potential for QuantumScape's battery cell technology after an interesting EV industry development.
Recently, Zacks.com users have been paying close attention to AT&T (T). This makes it worthwhile to examine what the stock has in store.
Wall Street firm BofA Securities on Friday identified seven semiconductor stocks that it believes can withstand the current market downturn.
Shares of AMC Entertainment (NYSE: AMC) are rising 8.7% higher at 10:13 a.m. ET on Friday following CEO Adam Aron thanking the movie theater operator's shareholders for their support as rival Cineworld (OTC: CNNW.F) filed for bankruptcy on Wednesday. It's been expected for some time that the Regal theater owner would eventually file, as the industry is still racked by low attendance, but Aron assured investors AMC is in a "very, very different situation." Although both theater operators have over $5 billion in debt, Aron maintains it was because of investors who rallied behind the stock over the past year that AMC doesn't find itself in a similar position.
In this article, we discuss the 16 best penny stocks to buy now. If you want to read about some more penny stocks with strong business fundamentals, check out the 5 Best Penny Stocks to Buy Now. Investors are taking refuge in holding cash and liquidating their stock portfolios to weather out the impact of rising […]
The leading payments processing company and an iconic consumer staple both belong in Berkshire Hathaway's investment portfolio.
It’s time to consider this contrarian play.
What's better than a big fat S&P 500 dividend? One that's rising fast. And there's a surprising number of S&P 500 stocks doing it.
Fintech stocks were crushed during the market's decline this year. Thus, they tend bounce harder on recoveries.
Vale and Zim Integrated Shipping Services sport ultra-high dividend yields and compelling long-term valuations.