Kleen Polymers Acquired by Preferred Compounding

Wadsworth, OH based Kleen Polymers, Inc. (“Kleen Polymers” or the “Company”) has been acquired by Preferred Compounding (“Preferred”). EdgePoint Capital (“EdgePoint”) initiated the transaction, led the negotiations of the sale, and served as the exclusive sell-side advisor to the Company. Terms of the transaction were not disclosed.

Founded in 1991, Kleen Polymers is a custom rubber compounder specializing in non-black elastomers. The acquisition of Kleen Polymers is expected to greatly expand Preferred’s mixing capability in ultra-clean high performance compounds.

Preferred Compounding is the second largest rubber compounder in North America with headquarters located in Copley, OH. Preferred Compounding is capable of mixing practically every polymer and has five facilities in the U.S. and one in Mexico. The Kleen compounding business will continue to operate at its existing facility as part of Preferred’s North American operations.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.