Private equity firm Grey Mountain Partners LLC has acquired plastic profile extruder Dimex LLC of Marietta, Ohio, for undisclosed terms.
Grey Mountain Vice President Jason Urband called Dimex “a leader in several end markets,” in a news release.
Dimex runs a 220,000-square-foot plant in Marietta that extrudes and finishes profiles from polyethylene, and rigid and flexible PVC It also processes EPDM rubber and does calendering and custom compounding. It prefers to use recycled materials.
Dimex's main markets are landscape, industrial floor matting, masonry auxiliaries, marine and office chair floor mats. Typical products include edging for landscaping, boat dock edging, and products that control wall joint movement during temperature changes in masonry walls. The firm was established in 1991.
Grey Mountain has several subsidiaries in architectural products and glazing but it lists no other plastics firm in its portfolio. Robbins LLC, however, is a southeastern U.S. subsidiary that compounds and molds rubber.
Dimex CEO David Wesel said Grey Mountain's financial and operational support will allow Dimex to grow.
Grey Mountain typically invests in companies with enterprise values of between $30 million and $150 million.