CLEVELAND—Edgewater Capital Partners has acquired Precision Fluorocarbon L.L.C. (PFI) and added it to the polymer components business it recently bought from EnPro Industries Inc.
EnPro announced in September it was divesting that business, which was part of its Technetics group. The business, which consisted of two locations in Houston and one in Hatfield, Pa., was renamed Altamira Material Solutions L.P.
Altamira manufactures machined components, fluoropolymer etching products, polytetrafluoroethylene (PTFE) shapes, and tapes.
Cleveland-based Edgewater said in a recent news release that adding PFI to Altamira furthers its investments in highly engineered components. PFI uses PTFE and other polymers to machine parts such as bellows, O-rings and custom diaphragms for the semiconductor, medical, oil and gas, and pump and valve markets.
PFI is based in Tomball, Texas, part of the Houston metro area.
