Transaction will expand Torginol’s footprint and suite of products

SHEBOYGAN, Wis.--(BUSINESS WIRE)--

Torginol, a leading manufacturer and marketer of decorative flake, quartz and other specialty products used in resinous flooring systems, today announced that it has completed the acquisition of Chips Unlimited, the second largest producer of decorative flake products. Terms of the transaction were not disclosed.

Headquartered in Tempe, AZ, Chips Unlimited is recognized for its high-quality decorative chip/flake products and leading design innovation. The transaction brings together two highly complementary businesses and meaningfully enhances Torginol’s ability to serve customers with broader product availability, rapid lead times and expanded customization options. Chips Unlimited’s footprint in high-growth domestic, international and specialty markets add further scale to Torginol’s platform while creating opportunities to deepen customer relationships.

Jason LaBouve, Chief Executive Officer of Torginol, said, “Chips Unlimited has built a strong business under Larry Fischer and Michael Matt, and their team shares our commitment to quality and customer partnerships. We have highly complementary businesses and believe that this acquisition will yield significant benefits for Torginol’s customers, employees and shareholders. We are looking forward to this next chapter of our growth and to continuing our upward trajectory.”

Michael Matt, President of Chips Unlimited, said, “Jason and Torginol have done an extraordinary job scaling the company’s operations and suite of products while continuously going above and beyond to support their customers. They are the ideal partner to carry on the legacy of Chips Unlimited that Larry and I have built over several decades.”

Reinhart Boerner Van Deuren served as legal counsel to Torginol, and Dorsey & Whitney, LLP served as legal counsel to Chips Unlimited.

About Torginol

Torginol was founded in 1961 with the vision of pioneering the resinous performance flooring market throughout the United States. Since then, the company has evolved to exclusively focus on engineering materials that enhance the aesthetic and ergonomic qualities of various environments. Torginol’s materials combine design and function to provide optimal utility to commercial, industrial, institutional and residential surfaces throughout the world. The company strives to inspire designers, architects, builders and homeowners with the innovative patterns and textures produced by its materials. For more information, please visit www.torginol.com.

About Chips Unlimited

Chips Unlimited is the second largest U.S.-based manufacturer and marketer of decorative chips/flakes that enhance the aesthetic qualities of resinous flooring systems. The company has an established footprint in domestic and international resinous flooring markets, and a growing base of specialty surface applications.

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Source: Torginol