Foam Holdings Inc., a maker of foam packaging products, is adding to the company's network of facilities.
Foam Holdings of Brentwood, Tenn., which does business as Alleguard, acquired Harbor Foam LLC of Grandville, Mich., a maker of expanded polystyrene.
"Harbor Foam has a strong reputation," Alleguard CEO Paul Ciolino said in a statement. "This partnership will enable Alleguard and Harbor Foam to better serve our Midwest customer base."
Harbor Foam's customers include the construction, packaging, recreation vehicles and general industrial markets.
Alleguard is owned by Wynnchurch Capital L.P., a private equity firm based in Rosemont, Ill.
"Harbor Foam is highly regarded across the EPS industry and has built exceptional relationships with its blue-chip, loyal customer base," said Wynnchurch Partner Erin Murphy said in a statement.
Alleguard makes and distributes EPS, expanded polypropylene and the Arcel brand of foam. Arcel is a combination of 70 percent polystyrene and 30 percent polypropylene.
Wynnchurch began investing in the foam business in 2020, making a series of acquisitions that ultimately were branded under the Alleguard name.
"With this acquisition, we look to extend Alleguard's service network, solidify Harbor Foam's supply chain, and grow with our collective customer base," says Dusty McNab, vice president of block and fabrication at Alleguard, in a statement. "Harbor Foam helps further our reach into the upper Midwest."
The Grandville location becomes Alleguard's 17 site in North America.