Houston-based material science and component manufacturer Evantic has acquired Plastic Distributors and Fabricators LLC.
Evantic is owned by Cleveland-based private equity firm Edgewater Capital Partners. This deal marks its fourth acquisition in the advanced materials and design engineered components space.
"PDF brings additional strong customer relationships, manufacturing know-how from prototype to serial production and strategic geographic presence to the Evantic family of brands," Sarita Gavhane, principal at Edgewater Capital Partners, told Plastics News in an emailed statement. "We are excited to, and actively looking for, ways to build around [PDF's] current team to better support them."
Edgewater got into the performance materials business in 2021, when it bought the Technetics polymer components business from EnPro Industries in September, which it renamed Altamira Material Solutions. Then, in November 2021, Edgewater bought Precision Fluorocarbon Industries. Edgewater combined AMS and PFI in November 2022 and renamed the company Evantic.
In January 2023, Evantic added Vertec Polymers Inc., a Houston-based injection molder of PEEK, PPS, PTFE, PFA and other specialty resins.
Now Evantic is adding PDF's capabilities to its portfolio.
"Our strong prototyping, fabrication, advanced machining capabilities and additional capacity will complement Evantic's existing portfolio of competencies," Mark Abare, president of Plastic Distributors and Fabricators, said in a July 25 news release.
Evantic declined to comment on terms of the acquisition.
"Together, Altamira, PFI, Vertec and now PDF further solidify Evantic as a unique organization with the scale, capability and expertise to offer exceptional polymer solutions to high-value, mission-critical applications from prototype to serial production," Gavhane said in the release.
"As a result of PDF joining the Evantic family, the combined businesses will extend our geographical footprint, strengthen and diversify our existing customer bases through cross-selling of advanced materials and manufacturing capabilities," Tamara Horne, CEO of Evantic, said.
PDF manufactures dimensionally complex parts, including covers, frames, housings, caps, filters, separators, gaskets, rings, wheels and other structural components in the life sciences, semiconductor, aerospace, defense and clean energy markets.
Evantic designs and manufactures engineered components for the semiconductor, aerospace, energy and industrial sectors.
Edgewater Capital Partners invests in niche manufacturers of specialty chemicals, life sciences, advanced materials and engineered components.