Effective last month, Chattanooga, Tenn.-based Pathway Polymers sold its PUMA Polymers division in a management buyout sale. James Sowersby, former chief strategy officer for Pathway and Gerret Peters Jr., former president of Pathway, have purchased the division that develops and sells a variety of specialized urethane products under the various brand names of Por-a-Mold, Por-a-Thane and Por-a-Kast. In addition to these polyurethane lines, Puma Polymers will continue to offer PUMA-Bond bonding agents for urethane to metal and urethane to rubber and PUMA-Coat in-mold paints.
The MasterWorks brand of acrylic modified gypsum for architectural and composite model making will also remain with Puma as will the SynLube brand of mold release. The Puma business will continue to operate at its current location in Chattanooga, assuring seamless continuity of product development, technical support and product production to all customers.
Pathway Polymers will retain its Tolling and TyrFil Divisions including its traditional TyrFil Flatproofing, TyrLiner, TyrKast, Sealant and Ballast product lines together with its AutoFil and TrioFil recycler machines for use in industrial and construction tires. Pathway Polymers will also continue to offer its complete “One Stop Shop” portfolio of flatproofing products and equipment both directly to OEMs and the aftermarket through commercial tire dealers.
“This sale is a real win-win for both companies,” said Joseph Danules, CEO of Pathway Polymers. “It allows Pathway Polymers to continue its focus on its core flatproofing and tolling markets worldwide while maintaining its innovator and leadership position in these markets. Likewise, it allows the PUMA Polymers group to better focus on its key target markets.”
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