Polen Capital Announces Closing of a Mezzanine Loan to Scranton Products
Boca Raton, FL – July 1, 2025 - Polen Capital (“Polen”) is pleased to announce the closing of a mezzanine loan to Scranton Products, a leading manufacturer of bathroom partitions and lockers for commercial buildings based in Scranton, Pennsylvania. The loan was used to help finance Sky Island Capital’s acquisition of Scranton Products from The Azek Company.
Scranton Products, which has been in operation for more than 40 years, is the industry-leading High-Density Polyethylene (HDPE) bathroom partition and locker manufacturer in North America. Scranton Products manufactures their products from American-made highly engineered materials, establishing themselves as the pre-eminent provider of sustainable HDPE solutions for architects, contractors, and property owners. Polen Capital secured this opportunity as a result of its longstanding relationship with the sponsor, its knowledge of the industry, and its ability to provide the certainty of financing coupled with quick execution as the transaction required.
About Polen Capital
Polen Capital is a global investment firm with extensive credit capabilities provided by its wholly-owned subsidiary, Polen Capital Credit. Since 2011, funds and accounts managed by Polen Capital have provided over $6.7 billion in direct transactions to public and private companies, investing across the capital structure, including senior loans, subordinated debt, and equity. Polen Capital targets financings that range from $10 million to $100 million to public and privately-owned companies across a variety of sectors. For more information, visit www.polencapital.com or follow us on LinkedIn.
About Scranton Products
Founded in 1978, Scranton Products Inc. (www.scrantonproducts.com) is a leading manufacturer of highly-engineered high-density polyethylene (HDPE) privacy partitions and lockers. The Company operates out of a single plant in Scranton, Pennsylvania. Through continuous investment and an emphasis on process improvement, the Company has developed state-of-the-art capabilities and the capacity to provide privacy and storage solutions for customers both large and small, offering a wide range of colors and finishes, with five distinct product lines and 200+ product customizations. Scranton Products bathroom partitions and lockers are constructed from premium, American-made solid plastic offering durability, longevity, and sustainability.
Important Disclosures
No statement herein should be interpreted as an offer to sell or the solicitation of an offer to buy any security (including, but not limited to, any investment vehicle or separate account managed by Polen Capital). This information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.