PE Firm GreyLion Acquires Torginol

New York City, NY, July 9, 2025-Torginol, manufacturer of decorative flakes, quartz and other products in resinous flooring systems, has been acquired by a New York City-based private equity firm GreyLion for an undisclosed price. 

Founded in 1961 and headquartered in Wisconsin, Torginol’s products are used in both residential and commercial applications. 

As part of GreyLion’s investment, Tom Testwuide Jr., Torginol’s chairman and owner, who acquired the company in 2001, will retire. GreyLion will partner with Jason LaBouve, chief executive officer, and the rest of the Torginol team to help drive the next phase of the company’s growth.