Stellus Capital Management provided unitranche financing to support Hidden Harbor Capital Partners' acquisition of Norplex Micarta, a leading producer of thermoset composite materials.

Information on the Target

Norplex Micarta, based in Postville, Iowa, is recognized as one of North America's leading manufacturers of high-performance thermoset composite materials. The company specializes in supplying technically advanced composites tailored to meet the specific requirements of its clients. As a result of its commitment to quality and innovation, Norplex Micarta has become the preferred supplier for Original Equipment Manufacturers (OEMs), fabricators, and distributors in the electrification and industrial sectors.

By leveraging its extensive expertise in composite materials, Norplex Micarta is well-positioned to tackle the evolving demands of the market. The company’s dedication to providing superior products has not only driven its growth but has also established its reputation as a reliable partner for various end markets, fueling its expansion potential in a competitive landscape.

Industry Overview in the Target's Country

The thermoset composite materials industry in the United States is experiencing significant growth, driven by advancements in manufacturing technologies and increasing demand across multiple sectors. Thi