CLINTON, Tenn., Dec. 1, 2025 /PRNewswire/ — Techmer PM (“Techmer”), an international chief in colour masterbatch and polymer fabrics answers, introduced as of late that it has named Craig J. Foster as Government Officer. He succeeds Craig Nikrant, who has been performing as CEO in an meantime capability. Techmer is subsidized by means of Gryphon Buyers (“Gryphon”), a well-known 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,” mentioned 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 substances trade, running to manufacture merchandise, develop trade branchs, assistance acquisitions, and spouse with non-public fairness house owners to pressure 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 expansion. Sooner than 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 Normal Supervisor of the Distinctiveness Chemical compounds category of CSW Industrials, and he started his occupation at uniqueness chemical substances corporate Flint Team, the place he held successive positions, culminating in president. Mr. Foster served as a Petty Officer in the USA Military. He holds a Bachelor of Industry Management from Northwood College.
Put up-transition, Mr. Nikrant will resume his tasks as Government Chair of the Techmer Board and Gryphon Running Spouse.
Leigh Abramson, Gryphon’s Co-CIO and Co-Head of the Commercial Expansion Team, mentioned, “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 mentioned, “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 well-known dressmaker and manufacturer of engineered fabrics and polymer answers equivalent to concentrated colour or additive masterbatches that lend particular efficiency and/or practical necessities. The corporate collaborates with plastics processors, fabricators, designers, specifiers, and emblem house owners to improve product serve as and look in diverse end-use markets. Based in 1981, the corporate operates crops throughout North The us and has intensive experience throughout resin applied sciences and with nearly each plastic- and fiber-related procedure, together with additive production, blown movie, nonwovens, and injection molding.
About Gryphon Buyers
Gryphon Investors is a well-known middle-market non-public funding firm all for rising competitively-advantaged firms within the Industry Services and products, Shopper, Healthcare, Commercial Expansion, Device, and Era Answers & Services and products sectors. With greater than $10 billion of belongings below control, Gryphon prioritizes investments wherein it may well method sturdy partnerships with founders, house owners, and control groups to boost up the construction of well-known, high quality firms and generate enduring price thru its built-in do business in and operations trade type. Gryphon’s highly-differentiated type integrates since 1999 its well-proven Operations Sources Team, which is led by means of full-time, Gryphon senior running executives with common control, artificial judgement, 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 Yongster Capital methods, each and every with devoted price range of capital. The Flagship and Heritage methods goal fairness investments of $50 million to $500 million consistent with portfolio corporate. The Yongster Capital technique objectives investments of $10 million to $25 million in youth securities of credit score amenities, organized by means of well-known middle-market lenders, in each Gryphon-controlled firms, in addition to in alternative non-public equity-backed firms 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
