Alleguard Invests in Harbor Foam (2024)

ROSEMONT, Ill. — Foam Holdings, Inc. (d/b/a “Alleguard”), a Wynnchurch Capital, L.P. (“Wynnchurch”) portfolio company, announced the acquisition of Harbor Foam, LLC (“Harbor Foam” or the “Company”). Headquartered in Grandville, Michigan, Harbor Foam is a manufacturer of expanded polystyrene (“EPS”) and serves a diverse customer base across the construction, packaging, recreational vehicles, and general industrial end markets.

Paul Ciolino, CEO of Alleguard, said, “We’re thrilled to bring Harbor Foam into the Alleguard Family. Harbor Foam has a strong reputation for its high-quality products and excellent customer service. Ciolino added, “This partnership will enable Alleguard and Habor Foam to better serve our growing Midwest customer base.”

Article content

Erin Murphy, Partner at Wynnchurch, said, “Harbor Foam is highly regarded across the EPS industry and has built exceptional relationships with its blue-chip, loyal customer base. We are excited to have them join the Alleguard team.”

Foley & Lardner LLP acted as legal advisor to Alleguard and Wynnchurch.

Wynnchurch manages a number of private equity funds with $9.2 billion of regulatory assets under management and is actively seeking investments. In June 2024, Wynnchurch acquired Hydraulic Technologies, a market leader in high-pressure hydraulic tools. Other recent investments include: Reagent, the #1 specialty distributor of hydrochloric acid in North America; Handgards, a leading distributor of foodservice products; FloWorks, a distributor of critical flow control products; and Industrial Service Solutions, a national provider of MRO-focused field, shop, and supply services.

About Alleguard:

Alleguard is a manufacturer and distributor of custom EPS, EPP, and ARCEL foam products. The company serves packaging, appliance, building products, cold chain, automotive, consumer, and other general industrial end-markets. For more information, please visit: www.alleguard.com.

About Wynnchurch Capital:

Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an affiliate in Canada, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $9.2 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. For more information, please visit: www.wyn​nchurch.com or follow us on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240828711545/en/

Contacts

Paul Ciolino
CEO
Alleguard
paul.ciolino@alleguard.com
630.853.8458

Frank Hayes
Managing Partner
fhayes@wynnchurch.com
847.604.6100

Erin Murphy
Partner
emurphy@wynnchurch.com
847.604.6100

Kevin Hanley
Principal
khanley@wynnchurch.com
847.604.6100

Article content