PMC completes acquisition of StyroChem Canada

US-based private equity firm PMC Capital Group has completed the acquisition of StyroChem Canada from WinCup, a manufacturer of disposable foodservice products. StyroChem is a manufacturer of expandable polystyrene (EPS) grades used in food service, packaging, construction, casting and specialty applications with over US$100 million of revenue.

Glenn Wredenhagen, President of StyroChem, said, “This partnership with PMC Capital will allow us to continue operating from our facility in Quebec, and most importantly, serving our existing customers and product lines, as well as aggressively pursue growth opportunities, both organically and through future acquisition.”

Founded in 1975, StyroChem was one of the first manufacturers of EPS for food service applications. StyroChem also markets its proprietary EVRgreen EPS, a biodegradable EPS.