Sunrock Ceramics has raised equity capital from Stantine Limited Partnership. The proceeds will allow Sunrock to double its production capacity and meet the growing demands for its industrial ceramics.
Chicago, IL -- (SBWIRE) -- 02/11/2011 -- Sunrock Ceramics (Sunrock), of Broadview, Illinois, has announced that it has raised equity capital from Stantine Limited Partnership (Stantine). The proceeds will be used to increase press and kiln capacity to meet growing demand for its industrial ceramics, allowing Sunrock to more than double the production capacity of its 20,000 square foot facility, as well as putting more resources into the development of new products and markets.
According to Sunrock President and CEO Doug Thurman: “We are grateful for the confidence that Stantine has shown us. In this period of tight financial markets, we are pleased to be able to take full advantage of the robust order pipeline in our highly specialized markets. Business has been very strong for some time now, with many great opportunities for further expansion, and now we can take Sunrock to the ‘next level.’”
Steve Dehmlow, Stantine’s Managing Director, says “We are very pleased to be involved with Sunrock. They are participating in some exciting markets related to cutting-edge energy, transportation and medical applications, and their ability to deliver the highest quality products in a fraction of the time of others impressed us. We believe Sunrock also provides us with a platform to co-invest in related niche markets down the road.”
Mr. Thurman has been a PAC member since mid-2010. “My peers at PAC quickly grasped the opportunities and challenges that we face at Sunrock. Their feedback and support throughout the process of raising capital was very valuable. I look forward to getting their help again as we now execute our growth plan,” he said.
About Sunrock
Sunrock Ceramics (http://www.sunrockceramics.com) is a U.S. manufacturer of high-performance alumina ceramics such as kiln furniture for advanced ceramics manufacturers, as well as a variety of consumable ceramics used in the production of high-end alloy powder metallurgy parts. Mr. Thurman – a 20-year veteran of a number of materials industries – co-founded Sunrock in 2005.
About Presidents Advisory Committee (PAC)
PAC groups are round tables of small-midsize business presidents, owners and CEOs who meet monthly as a peer advisory board. Members provide each other with objective feedback in a safe and trusting environment. Read more at http://www.presidentsadvisorycommittee.com.
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Barb Isaac, Marketing
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