New strategic investment from SK Capital to help Techmer better serve its customers globally
CLINTON, TENN., July 21, 2020 –– Techmer PM, LLC, a leading designer and producer of engineered compounds and color and additive concentrates for the plastics and fiber industries, announced today its strategic partnership with an affiliate of New York-based private investment firm SK Capital Partners.
SK Capital, which manages a growing portfolio of companies focused on the specialty materials, chemicals, and pharmaceuticals sectors, is acquiring a majority interest in the Clinton, Tenn.-based firm and will recapitalize Techmer in partnership with its chairman and CEO, John Manuck, who will continue to retain a significant ownership stake in the company. Terms of the deal were not announced.
Privately held since being founded by Manuck in 1981, Techmer PM is a leading developer and manufacturer of custom color and additive masterbatch solutions and specializes in modifying the appearance and properties of base polymers. It serves customers across a diverse set of global markets, including agriculture, automotive, aerospace, building and construction, consumer products, medical, material handling, nonwovens, rigid packaging, and textile markets, as well as many OEMs.