About the Transaction
International Polymer Solutions Inc. (“iPolymer”) (www.ipolymer.com), headquartered in Irvine, California, is a supplier of high-purity engineered polymer fluid handling solutions worldwide. Example products include pipe fittings and connectors, valves, and other flow devices. iPolymer offers both custom and catalog solutions for industries that require these polymer performances. Their experienced team of engineers, technicians, and sales agents work together to ensure state-of-the-art products and customer satisfaction.
The buyer, White Knight Fluid Handling Inc. (“White Knight”) (www.wkfluidhandling.com), a subsidiary of Graco Inc. (NYSE:GGG) (“Graco”) (www.graco.com), manufactures ultrapure fluid handling equipment used to deliver, heat, circulate, dispense, and reclaim high-purity fluids, such as corrosive alkaline or acidic chemical solutions, and toxic liquids such as fuels, glues, paints, resins, inks, and wastewater.
“Having access to iPolymer’s manufacturing capabilities and product lines will enable White Knight to provide our customers with even more high-purity fluid solutions – enabling us to become a one-stop supplier for all of our advanced OEM customers,” said David Simmons, White Knight’s Vice President of Sales. “With the company’s 30-plus years manufacturing for the semiconductor market, combined with the decades of experience from White Knight, we will offer a wealth of application knowledge, product expertise and even more manufacturing capabilities to support our combined customers.”