LDI, Ltd. has acquired Polygon, a leading manufacturer of composite components based in Walkerton, IN, with 250 employees. Polygon’s patented products are designed to replace steel and other metal components across a diverse set of domestic and international end markets. LDI seeks investments in manufacturing, distribution, and logistics businesses.

Polygon products are used in construction, agriculture, medical devices, and municipal utilities. Composite materials are typically stronger, lighter in weight, longer-lasting, and perform more consistently in a wider range of temperature environments, increasing uptime and reducing maintenance requirements over traditional steel parts.

J.A. Lacy, president and CEO of LDI said, “Investing in a growing Indiana company has been a top priority for LDI. We are excited to work with the Polygon team on a robust strategy for the future and welcome them to the LDI family.”

Polygon president Mike Downs said, “Our manufacturing business is a great fit for LDI. We welcome LDI’s experience and their culture as a family office. We are excited to partner together to grow our business.”

Polygon was founded in 1949 by Sam Shobert, a chemist working on advanced composite materials during World War II at the US Wright-Patterson Air Force base. It was owned and managed by the sons of the founder, Tim and Jim Shobert, until the purchase by LDI. Polygon’s corporate offices and primary manufacturing location is in Walkerton, Indiana. (GK)