U.S. private equity firm PMC Capital Group has acquired StyroChem Canada Ltd, a Montréal-based manufacturer of expandable polystyrene (EPS) grades. No financial terms were disclosed for the deal, which saw PMC partner with StyroChem's management team. The seller was WinCup Inc, a U.S. maker of disposable food service products. Established in 1975 as Expandable Technologies, StyroChem supplies its EPS products to customers in food service, packaging, construction, casting and other industries in North America and abroad. StyroChem President Glenn Wredenhagen said the partnership with PMC will support the company's growth, both organically and through acquisitions.
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