Protective Industrial Polymers, Inc. announces recapitalization

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Protective Industrial Polymers, Inc., a leading manufacturer of specialty commercial flooring solutions, has been recapitalized by Home Savings and Loan Company in order to prepare for continued growth and success.  EdgePoint served as the exclusive financial advisor to Protective Industrial Polymers, Inc. (“PIP”) during the recapitalization.  Terms of the transaction were not disclosed.

Founded in 2008, the Company is headquartered in North Ridgeville, OH (a Cleveland suburb). It manufactures a broad range of flooring solutions, but is best known for its proprietary, branded product lines that are used in manufacturing, technology, food and beverage, and biotech markets. The Company is managed by its owner, and is differentiated by its strong research and development capabilities and solutions-based market approach. 

The Home Savings and Loan Company is a full-service community bank headquartered in Youngstown, Ohio and a subsidiary of United Community Financial Corp. (NASDAQ:UCFC). Home Savings provides a full range of retail and commercial banking products and services for local residents and businesses in Ohio, Pennsylvania, and West Virginia.

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

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