Canada-based Polycorp Secures an Investment from Arsenal Capital Partners. Polycorp is headquartered in Elora, Ontario, and employs approximately 250 full-time staff.
Read also – Canada-based Cnergreen Secures $2Million in Seed Funding
The company serves its global customer base with rubber- and polyurethane- based elastomer solutions, that help reduce corrosion, abrasion, vibration, and noise.
Polycorp’s leading engineering and design services, combined with its robust molding, calendering, and extrusion capabilities, underpin its success serving mission-critical, infrastructure and industrial focused applications for the mineral processing, rail, and protective linings industries.
Read also – Arizona-based MY DR NOW Secures $60Million in Funding
Peter Snucins, founder Polycorp said, “The transaction with Arsenal will accelerate Polycorp’s strategic growth initiatives and enable additional investment in our manufacturing and R&D capabilities, human capital, and strategic acquisitions, I am especially excited to partner with Arsenal given the firm’s established track record of building leading materials technology businesses in the elastomers sector.” Following the closing, Peter Snucins will remain as an investor and Board member of Polycorp.
Brett Schneider, an Operating Partner of Arsenal, commented, “The company’s portfolio of capabilities is a natural fit for Arsenal, given our previous successful experiences investing in elastomeric and polymeric technologies, such as rubber and polyurethanes.”
About Polycorp
Founded in 1996 and headquartered in Elora, Ontario, Polycorp is a leader in the design,
manufacture, sale, and distribution of engineered elastomeric solutions. Polycorp serves critical, high cost of failure applications across infrastructure and industrial focused markets, globally across 35+ countries worldwide
Read also – NYC-based GreenSpark Secures $9.4Million in Funding
