h.p. polymers

MILWAUKEE (April 26, 2024) – Platte River Equity (“Platte River”), a Denver-based private equity firm focused on aerospace, chemical, and industrial sectors, announced its portfolio company MFG Chemical (“MFG”), a specialty custom manufacturer of complex chemistries, has acquired H.P. Polymers (“HPP” or the “Company”). Based in Puslinch, Ontario, HPP is an independent resin and polymers manufacturer for paints and coatings. The Company’s products are used in diverse end markets across North America 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.

Grace Matthews, Inc. (“Grace Matthews”) served as financial advisor to H.P. Polymers on the transaction.

H.P. Polymers is a North American independent manufacturer of resin and polymer solutions for customers across the paint and coatings value chain based in Puslinch, Ontario. To learn more, visit https://www.hppolymers.com/.

Founded in 1980 and headquartered in Chattanooga, TN, MFG is a custom manufacturer of specialty chemicals serving a wide range of chemical companies that participate in a diverse set of industrial end markets. For more information, visit https://mfgchemical.com/. 

Founded in 2006 and based in Denver, CO, Platte River Equity is a private equity firm focused on investments in established lower middle market operating companies within targeted industrial sectors where it has substantial operating and investing experience.  Platte River utilizes prudent capital structures in order to invest in future growth opportunities and withstand changing economic environments. The firm also provides significant ongoing support to its portfolio companies through dedicated resources across functional areas. 

The firm has raised funds with committed capital in excess of $1.6 billion and is currently investing out of its fifth fund.  The Platte River team is the largest collective investor across its funds, deeply aligning the firm with its investors and portfolio company management teams. For more information, visit https://platteriverequity.com/. 

ABOUT GRACE MATTHEWS
Grace Matthews, Inc., a Milwaukee-based investment bank, provides merger, acquisition, and corporate finance advisory services to private and public companies across the chemical and material science value chain. Over the past two decades, Grace Matthews has successfully completed over 200 transactions on behalf of private, middle-market companies, private equity firms, and large, foreign or U.S.-based multi-nationals. For more information, visit gracematthews.com.