On February 3, 2021, specialty polymer manufacturer Polytek® Development Corp. (hereinafter referred to as "Polytek"), a specialty polymer manufacturer for mold making, casting and coating applications, announced the acquisition of Endurance Technologies. Polytek is an investment company of Arsenal Capital Partners.
Headquartered in South St. Paul, Minnesota, Endurance Technologies has decades of formulation and manufacturing experience, focusing on the combination of polyurethane and epoxy materials. Their brands are well-known in the industrial and consumer sectors, and their formulations are suitable for coating, laminating, bonding, casting and molding. Endurance Technologies' industrial brand "Custom Polymer Designs" is a trusted brand in the marine, aerospace, construction and entertainment composite materials field. And their consumer brands, including MAS Epoxies, are popular in DIY, arts and crafts.
Polytek CEO Doug Lorenz commented: "Endurance Technologies has a good record of success and market growth with excellent product quality, customized solutions and practical technical support. The two companies have similar goals and values. We are very We look forward to showing our customers the benefits of this cooperation."
The addition of Endurance Technologies has further expanded Polytek's manufacturing locations and capabilities, and improved its technical level by integrating experienced R&D teams. This cooperation will provide Polytek and Endurance Technologies customers with a broader product portfolio, more technical support and customer service, and product availability.
David Hoeffel, owner of Endurance Technologies, added: "Polytek is the best choice for the next phase of our business. Our team is excited to work together and is committed to expanding product selection and support services for our customers." Both companies Will continue to conduct business under its current name, and Hoeffel will continue to play an active role in the Endurance Technologies brand and support broader initiatives within the Polytek organization.