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SK Capital Recapitalizes Techmer PM with Investment from Gryphon Investors

September 23, 2022
September 23, 2022
Techmer PM

Gryphon Investors, a leading middle-market private equity firm, has invested in Techmer PM.

WHO: Founded in 1981 and based in Clinton, TN, Techmer PM is a materials design company specializing in modifying and fine-tuning the properties of technical polymers. The company collaborates with plastics processors, fabricators, designers, specifiers, and brand owners. Drawing on a broad portfolio of resins—from polyolefins to PEEK—Techmer PM helps manufacturers enhance product function and appearance in scores of end-use markets. The firm operates six North American plants and has extensive expertise in virtually every plastic- and fiber-related process, from additive manufacturing and blown film to nonwovens, injection molding, and sheet extrusion.

WHY: The combined knowledge and expertise of the new and continuing investors will support the future profitable growth of Techmer.

IN THEIR OWN WORDS: "Since our initial investment in 2020, SK Capital has been proud to partner with John Manuck, Mike McHenry, and the entire Techmer team to place a qualified management team, implement a strong commercial strategy, and facilitate its extraordinary growth," said Mario Toukan, a Managing Director of SK Capital. "We have leveraged SK's resources to help strengthen Techmer and been fortunate to work with an ownership and management group that shares our core values. The success of Techmer serves as a prime example of the value proposition of SK's lower middle market strategy and represents a milestone for the firm."

"SK has always remained committed to helping Techmer grow the business globally. Their expertise and experience in the specialty materials sector has made them a uniquely capable partner throughout their ownership period," said Techmer founder John Manuck.

Jon Borell, a Managing Director of SK Capital, noted, "We are excited to continue our partnership with Techmer and believe the Company is well positioned for continued success. Over the last two years, Mike and the team have worked strategically to enhance Techmer's business operations while continuously pushing EHS initiatives and providing customers with consistently high-quality products and service."


  • Gryphon Investors invested in Techmer PM. The terms of the deal were not disclosed.
  • The transaction represents a successful initial phase of investment for SK Capital, which will remain a significant investor alongside Techmer founder John Manuck and the Company's management team.
  • SK Capital invested in the company in July 2020, acquiring a majority interest. Mr. Manuck retained a significant ownership stake. 
  • Piper Sandler acted as financial advisor and Kirkland & Ellis LLP acted as legal counsel to SK Capital and Techmer PM in this transaction. Guggenheim Securities served as financial advisor to Gryphon in this transaction.

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