Maine Investor Group, Led By Anania & Associates, Announces Launch of Poly Labs
Portland, MAINE, USA –
Polymer Laboratories and Solutions LLC dba Poly Labs was launched on November 2nd, 2020 with the acquisition of the 88,000 square foot former Jones & Vining facility located at 765 Webster Street in Lewiston, Maine.
Poly Labs has a 35+ year legacy of producing highly engineered polyurethane, TPE, TPR and TPU based components for a diverse set of industrial markets including defense, medical, footwear and impact protection.
The business was formerly Jones and Vining’s industrial division before being spun off in 2020 as an independent company. The company is a global leader in producing small pour molded polyurethane components for the most demanding applications. Our world-class facility in Lewiston, Maine engineers proprietary and specialized polyurethane formulations in order to manufacture components for our customers’ most exacting specifications.
With the committed support of long-time customers and a world-class management and employee group, the combined team is excited to be launching this next phase of the operation’s development. Over the coming years, Polymer Laboratories and Solutions LLC investors, board and team are looking forward to investing in the operation to accelerate growth opportunities and expand capabilities.
The Beginning of a New Era
Scott W. Knoll, a Partner with Anania & Associates, emphasized the new ownership team’s dedication to building on the 35 year legacy and foundation in Maine, the amazing employees and commitment to Poly Labs customer base. “The investor group all has a strong commitment to our highly experienced and knowledgeable workforce to further build and enhance our leadership position in the market.”
Peter V. Anania, Chairman of Anania & Associates, commented, “Poly Labs is a great Maine business and employer that provides uniquely engineered products to valued customers globally. We are excited to partner with the executive team members – Sarah, Rick, Tony and Dan – as well as the broader team, as we begin this vibrant and dynamic new phase in Poly Labs growth.”
About Poly Labs
Poly Labs specializes in producing molded polyurethane, self-skinning polyurethane, small precise-pour polyurethane, thermoplastic urethane (TPU), thermoplastic elastomer (TPE), and thermoplastic rubber (TPR) components and materials.
With the launch in November of 2020, the 100% US owned operation and team are excited to be increasing our investment in sustainable bio materials and to be partnering with leading companies around the world to bring their polyurethane and thermoplastic products to market.
To learn more about Polymer Laboratories and Solutions LLC, please click on the button below to visit their website.