PMC Capital completes acquisition StyroChem Canada

PMC Capital completes acquisition of StyroChem Canada

9:25 AM, 26th August 2019
StyroChem logo

QUEBEC CITY, CANADA: PMC Capital Group LLC has completed the acquisition of StyroChem Canada Ltd (StyroChem) from WinCup Inc, a leading manufacturer of disposable foodservice products. 

StyroChem is a leading manufacturer of expandable polystyrene (EPS) grades used in food service, packaging, construction, casting and specialty applications with over $100 million of revenue.

For over 40 years, StyroChem has consistently produced among the highest quality EPS products for customers ranging from small businesses to Fortune 500 companies in the U.S. and abroad. PMC Capital is partnering with the existing StyroChem management team on the transaction. 

"This partnership with PMC Capital will allow us to continue operating from our facility in Quebec, and most importantly, serving our existing customers and product lines, as well as aggressively pursue growth opportunities, both organically and through future acquisition,” said Glenn Wredenhagen, President of StyroChem.

"We are excited to partner with StyroChem's management team and help lead the business through the next stage of its growth. We see significant opportunities to deepen relationships with existing customers through product innovations, including StyroChem's proprietary EVRgreen EPS, an expandable polystyrene resin that promotes biodegradation, and expand our reach through new customer acquisition," added Michel Tamer, a Managing Member of PMC Capital.

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