About Polytek
Polytek is a company based in Easton (United States) founded in 1984 was acquired by Arsenal Capital Partners in October 2018. It operates as a Direct-to-Consumer (D2C), and Private Labeling / White Label. The company has 177 employees as of December 31, 2021. Polytek has completed 10 acquisitions, including Alumilite, BCC Products and California Medical Innovations. Polytek offers products and services including Silicone Rubber, Polyurethane Materials, and Epoxy Systems.
- Headquarter Easton, United States
- Employees 177 as on 31 Dec, 2021
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Sectors
Chemicals & Materials
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Polytek Development Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Arsenal Capital Partners
& 1 more
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Employee Count
177
as on Dec 31, 2021
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Investments & Acquisitions
Alumilite
& 9 more
- Acquired by
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Products & Services of Polytek
Polytek offers a comprehensive portfolio of products and services, including Silicone Rubber, Polyurethane Materials, and Epoxy Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Silicone rubber is used for mold making applications.
Polyurethane materials are provided for casting and molding.
Epoxy systems are offered for casting and laminating.
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Funding Insights of Polytek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Polytek
Polytek has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Arsenal Capital Partners and Morgenthaler. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments target specialty industrials and healthcare sectors.
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Founded Year | Domain | Location | |
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Venture capital and private equity investment firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Polytek
Polytek has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Alumilite, BCC Products and California Medical Innovations. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Epoxy coatings and pigment powders are manufactured in Galesburg.
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2017 | ||||
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Platform offers counter tops and art & flooring epoxy
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2014 | ||||
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Epoxy resin products are distributed by Pro Marine Supplies.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Polytek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Polytek Comparisons
Competitors of Polytek
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Polytek
When was Polytek founded?
Polytek was founded in 1984.
Where is Polytek located?
Polytek is headquartered in Easton, United States.
How many employees does Polytek have?
As of Dec 31, 2021, the latest employee count at Polytek is 177.
What does Polytek do?
Polytek Development Corp. is involved in the production of specialty polymers such as silicone, polyurethane, and epoxy materials. These materials are utilized for mold making, casting, and coating across diverse industries including precast concrete, aerospace, automotive, marine, medical modeling, and theatrical prosthetics. Solutions are provided for applications like prototyping, short-run production, and food contact products. Support is extended to engineers, manufacturers, craftspeople, and artists through material advisory services and product selection assistance.
What products or services does Polytek offer?
Polytek offers Silicone Rubber, Polyurethane Materials, and Epoxy Systems.
How many acquisitions has Polytek made?
Polytek has made 10 acquisitions, including Alumilite, BCC Products, and California Medical Innovations.
Who are Polytek's investors?
Polytek has 2 investors. Key investors include Arsenal Capital Partners, and Morgenthaler.
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