Blank Rome Represents Balmoral Funds in Its Acquisition of Expandable Polystyrene Resin Manufacturing Business
A multidisciplinary Blank Rome team represented an affiliate of Balmoral Funds, a Los Angeles-based private equity firm, in its acquisition of an expandable polystyrene resin manufacturing business located in Peru, Illinois, from an affiliate of Flint Hills Resources, LLC. The definitive purchase agreement was signed on August 19, 2020, and the closing occurred as of October 31, 2020. The terms of the transaction were not disclosed. The acquired business will be known as Epsilyte LLC and will manufacture resins used in energy efficient building insulation and innovative packaging and shipping technologies.
The Blank Rome transaction team was led by Kipp Cohen and Nathan Brill, with assistance from Jason Reisman, Asima Ahmad, Jonathan Clark, Margaret Hill, Stephen Zumbrun, Philip Rosenfeldt, Jon Grossman, Alex Perry, Brady Craig, Samar Aryani-Sabet, Jenn Daniels, Jeanne Grasso, Dana Merkel, Mark Rabinowitz, Cory Jacobs, Jeffrey Rosenfeld, George Boggs, Emma Jones, Kierstan Carlson, and Ivy Shapiro. The financing team was led by Shlomo Troodler, Danielle Mabe, and Adam Sansweet.