CLINTON, Tenn., Dec. 1, 2025 /PRNewswire/ — Techmer PM (“Techmer”), a world chief in colour masterbatch and polymer fabrics answers, introduced lately that it has named Craig J. Foster as Leading Government Officer. He succeeds Craig Nikrant, who has been performing as CEO in an period in-between capability. Techmer is sponsored through Gryphon Buyers (“Gryphon”), a chief middle-market non-public funding company.
“Having spent six months in the Techmer CEO seat has reinforced my conviction that this company is at the top of its class, and Craig will no doubt continue the company’s upward trajectory,” stated Mr. Nikrant. “Techmer’s ability to deliver custom solutions to unique business challenges is unmatched. Its customer-first mentality is made clear every day through the company’s technical capability, product portfolio and its dedicated associates.”
Mr. Foster has 30 years of revel in within the plastics and uniqueness chemical compounds trade, operating to manufacture merchandise, develop industry sections, assistance acquisitions, and spouse with non-public fairness homeowners to force price. Previous to becoming a member of Techmer, he used to be CEO at SWEPCO (Southwestern Petroleum Lubricants Holdings LLC), the place he delivered double-digit earnings enlargement. Ahead of that, he used to be CEO and President of Circulus Holdings, a manufacturer of recycled polyolefins. Mr. Foster additionally served as Senior Vice President and Basic Supervisor of the Distinctiveness Chemical substances section of CSW Industrials, and he started his profession at uniqueness chemical compounds corporate Flint Team, the place he held successive positions, culminating in president. Mr. Foster served as a Leading Petty Officer in the USA Military. He holds a Bachelor of Industry Management from Northwood College.
Submit-transition, Mr. Nikrant will resume his tasks as Government Chair of the Techmer Board and Gryphon Working Spouse.
Leigh Abramson, Gryphon’s Co-CIO and Co-Head of the Commercial Enlargement Team, stated, “We welcome Craig Foster and are excited to have him on board to lead Techmer into the future. His expertise with plastics and specialty materials, as well as his track record of growing industrial businesses, will be invaluable as we continue to drive innovation and scale. We thank Craig Nikrant for the positive momentum he brought to the interim CEO role and preparing the groundwork for our new CEO’s arrival.”
Mr. Foster stated, “I look forward to working with the exceptional Techmer and Gryphon teams as we enter the company’s next phase of growth and execute on the several crucial initiatives that are already underway.”
About Techmer PM
Techmer PM is a chief dressmaker and manufacturer of engineered fabrics and polymer answers akin to concentrated colour or additive masterbatches that serve explicit efficiency and/or useful necessities. The corporate collaborates with plastics processors, fabricators, designers, specifiers, and logo homeowners to toughen product serve as and look in various end-use markets. Based in 1981, the corporate operates vegetation throughout North The usa and has in depth experience throughout resin applied sciences and with just about each and every plastic- and fiber-related procedure, together with additive production, blown movie, nonwovens, and injection molding.
About Gryphon Buyers
Gryphon Investors is a chief middle-market non-public funding firm serious about rising competitively-advantaged corporations within the Industry Services and products, Shopper, Healthcare, Commercial Enlargement, Instrument, and Generation Answers & Services and products sectors. With greater than $10 billion of belongings below control, Gryphon prioritizes investments through which it might method robust partnerships with founders, homeowners, and control groups to boost up the development of chief, top quality corporations and generate enduring price via its built-in do business in and operations industry type. Gryphon’s highly-differentiated type integrates since 1999 its well-proven Operations Assets Team, which is led through full-time, Gryphon senior running executives with normal control, artificial perception, human capital acquisition and building, acquisition due diligence and integration making plans, treasury, finance, and accounting experience. Gryphon’s 3 core funding methods come with its Flagship, Heritage, and Youth Capital methods, every with devoted finances of capital. The Flagship and Heritage methods goal fairness investments of $50 million to $500 million consistent with portfolio corporate. The Youth Capital technique goals investments of $10 million to $25 million in youth securities of credit score amenities, organized through chief middle-market lenders, in each Gryphon-controlled corporations, in addition to in alternative non-public equity-backed corporations running in Gryphon’s centered funding sectors.
Techmer Touch:
Jill Warren
865-210-4078
Gryphon Media Contacts:
Caroline Luz
[email protected]
203.570.6462
or
Jennifer Hurson
[email protected]
845.507.0571
SOURCE Gryphon Buyers
