LFM CAPITAL takes majority stake in NOVEX

This primary recapitalization transaction formalizes the partnership between LFM Capital and Novex, representing the second platform acquisition out of LFM’s third fund and marking the transition of the business from a family-run enterprise into an institutionalized manufacturing platform. The deal structure features an extensive equity rollover by founder and Chief Executive Officer Chuck Lynn alongside his family, preserving complete executive alignment, safeguarding proprietary product-formulation intellectual property, and ensuring stable customer relationship continuity across the wholesale network. The transaction is fundamentally motivated by immediate production capacity constraints at the target's Ohio plant, where historical demand has outpaced capital deployment for factory floor machinery, leaving significant unexploited volume growth. Post-closing commercial priorities will focus on leveraging LFM’s internal engineering resources to execute targeted capital expenditure programs aimed at expanding extrusion throughput, professionalizing marketing and business development divisions to capture new original equipment manufacturer accounts, and underwriting an aggressive, programmatic buy-and-build strategy to consolidate the highly fragmented North American industrial belting and plastic consumables sector.