DETROIT—Edge Elastomers Holdings Inc. has new parents, but its focus on future growth of its operation remains the same.
A group led by Gladstone Investment Corp. that includes affiliate Gladstone Capital Corp., Akoya Capital Partners L.L.C. and some members of Edge's executive management team purchased the company from Superior Capital Partners in early March for an undisclosed amount.
The Edge platform is comprised of Edge and three businesses Superior acquired over the last four years. It has three operating divisions with a combined work force of about 95 employees, according to Scott Hauncher, a managing director at Detroit-based Superior.
Headquartered in Fort Worth, Texas, Edge manufactures rubber-based adhesive sealing products with capabilities in butyl and block copolymer technologies. The company has grown organically and via acquisitions over the last several years.
It produces extruded butyl tapes, butyl and block copolymer pressure sensitive adhesive tapes and a variety of sealant, gaskets and adhesive products for a diverse customer base. The company also has a strong foundation in modified silane polymer sealants as well as water- and solvent-borne sealants and coatings.