Author: Reisinger Max

Press Release: Trent Capital Partners has purchased full control of the business

Posted on by Reisinger Max

Press Release: Trent Capital Partners has purchased full control of the business

 

PINEY FLATS, TENNESSEE, Feb. 12, 2024 – Microporous LLC, is pleased to announce that Trent Capital Partners has purchased full control of the business. Trent Capital Partners (www.trentequity.com), a leading private equity firm backed by major family offices, has been a minority owner of Microporous for the past ten years, and Ray Desrocher, founder and Managing Director of Trent, has served on the company’s board of directors since that time.

Microporous (www.microporous.net) has an 80-year history of manufacturing lead-acid battery separators with facilities in both Austria and Tennessee. The company was recently selected for a $100 million dollar grant from the Department of Energy to establish a U.S.-based Li-ion battery separator manufacturing facility serving the rapidly growing North American electric vehicle (EV) market. 

Trent has a 14-year history of partnering with large family offices in the acquisition of superior industrial businesses. Trent and its investors bring a strong commitment to Microporous’ core lead acid battery separator business and the financial means and commitment to support Microporous’ expansion into lithium-ion (Li-ion) battery separators and the EV market.   

John Reeves, CEO of Microporous, stated, “I have known Ray Desrocher of Trent Capital and his team for many years. They have pulled together a world class group of investors who are dedicated to Microporous and our growth plan. I am excited for the opportunity to execute our growth strategies across both lead-acid and Li-ion markets and to power a U.S. supply chain for electric vehicles.”

Trent is a mid-market private equity firm established in 2010 that targets its investments in industrial companies that have a proven track record of superior execution and can deliver significant return on capital employed.  

Ray Desrocher, Managing Director of Trent, remarked, “We are excited to continue our investment in Microporous. The company has a well-run core business with a long history of exceeding customer expectations while also being incredibly well positioned for success in the Green Energy space. Like the Department of Energy, which has supported Microporous with a $100MM grant, our investors believe the company can play a key role in the burgeoning market for Li-ion batteries.”

About Microporous, LLC: Microporous™ is a leading developer, manufacturer and marketer of high-performance rubber, polyethylene (PE) and hybrid battery separators for flooded lead-acid batteries. Separators are a highly engineered, mission-critical component of rechargeable batteries. The company supplies an extensive customer base located across 23 countries and five continents. Microporous currently operates two manufacturing facilities in Piney Flats, TN and Feistritz, Austria. The company is headquartered in Piney Flats, TN.

About Trent Capital Partners: Trent Capital Partners was established in 2010 to invest in businesses where superior execution can generate superior returns.  The firm believes that return on capital employed in a business is, above all else, the primary driver of value, and thereby, equity returns. Trent Capital Partners seeks to deploy capital in unique opportunities suited to growth, typically through a combination of market-driven and operationally-driven dynamics.

 

Contact Information:

Microporous, LLC
Piney Flats, TN 376868, US
sales@microporous.net

Press Release: Microporous (MP Assets Corporation) Selected to negotiate $100 Million Grant from the U.S. Department of Energy Grant to propel clean energy manufacturing

Posted on by Reisinger Max

Press Release: Microporous (MP Assets Corporation) Selected to negotiate $100 Million Grant from the U.S. Department of Energy Grant to propel clean energy manufacturing

 

Piney Flats, TN – December 5, 2023 — Microporous (MP Assets Corporation), a leading competitor in the battery sector, proudly announces its selection for a prestigious grant from the U.S. Department of Energy (DOE) to manufacture lithium-ion battery separators. The DOE, as part of President Biden’s Investing in America Agenda, has allocated $275 million for seven transformative projects nationwide, and Microporous is set to contribute significantly to this initiative.

The $100 million grant negotiation positions Microporous as a key player in strengthening clean energy supply chains and advancing domestic clean energy manufacturing. This initiative aligns with Microporous’ commitment to innovation, sustainability, and driving positive change in the clean energy landscape.

 

Key Points

Job Creation: The grant is expected to create 282 permanent jobs and ensure that at least 85% of full-time employees are from local Disadvantaged Communities (DACs) by the completion of the project. These jobs will be high-quality, well-paying jobs, boosting employment opportunities in the cutting-edge technologies sector.

Technological Advancements: Microporous will focus on expanding our wet process Polyethylene lead-acid battery separator technology to enhance the nation’s capabilities in the production of wet process Polyethylene lithium-ion battery separators for the electric vehicle supply chain.

Community Impact: As part of Microporous’ commitment to inclusivity and community development, a site will be selected with the goal of building their manufacturing facility in a double-distressed coal and Justice40 community and will ensure hired employees are from local Disadvantaged Communities (DACs) by the completion of the project. 

Sustainable Practices: By building domestic supply chains for existing and emerging technologies, Microporous contributes to reducing reliance on fossil fuels, promoting energy independence, and addressing climate challenges.

 

Quotes:

John Reeves, CEO at Microporous, expressed enthusiasm about the grant negotiations, stating, “Negotiating the DOE grant is a testament to our dedication to advancing clean energy manufacturing. We look forward to contributing to building resilient supply chains and creating high-quality jobs in the process.”

About Microporous (MP Holdings):

Microporous is a leading international supplier of lead acid battery separators. Over our 80+ year history, Microporous has firmly established a reputation for quality and service. With a commitment to excellence, sustainability, and innovation, Microporous continues to make significant contributions to the clean energy landscape.

About the U.S. Department of Energy (DOE) and DOE’s Office of Manufacturing and Energy Supply Chains:

The DOE is at the forefront of driving initiatives to strengthen clean energy supply chains and accelerate manufacturing in energy and industrial communities. DOE’s Office of Manufacturing and Energy Supply Chains will run the portfolio of projects selected for negotiation of award.     Learn more about the MESC mission to strengthen and secure energy supply chains as the frontline of clean energy capital deployment.

https://www.energy.gov/articles/biden-harris-administration-announces-actions-strengthen-clean-energy-supply-chains-and?utm_medium=email&utm_source=govdelivery

 

Contact Information:

Microporous, LLC
Piney Flats, TN 376868, US
sales@microporous.net