M&As: BU sells adhesives firm ATP to Arsenal; Ensinger acquires StyLight composite business from Ineos Styrolution

German fund company Bregal Unternehmerkapital (BU) has announced the sale of Swiss firm ATP Group, a manufacturer of water-based adhesive tapes, to private equity firm Arsenal Capital Partners. The terms of the transaction were not disclosed.

Founded in 1988 and headquartered in Wollerau, Switzerland, ATP, with production sites in Bad Kreuzburg (Germany), Philadelphia (US), and Ipswich (UK), employs approximately 460 staff and has its own R&D capabilities to develop single and double-sided high-performing industrial adhesive tapes, tailored individually to specific customer requirements. The products are utilised by customers in a broad range of medical, mobility, construction, electronics, industrial, and graphics applications. Furthermore, being water-based, ATP says its adhesive tapes are also considerably more environmentally friendly than other adhesive solutions.

"We appreciate the hands-on support that Bregal Unternehmerkapital has provided us during our partnership," said Daniel Heini, President/CEO of ATP. "Our commitment to environmentally friendly solutions provides a long-term growth opportunity for ATP. We are excited to partner with Arsenal to continue our global expansion and become the partner of choice of specialty water-based tapes to our international customer base."

Felix Werdin, a Partner of BU, added, "We appreciate the continuous development of ATP by Daniel Heini and the entire ATP management team into the leading water-based adhesive tapes manufacturer. We are proud to have supported the team to accelerate the company's overseas expansion over the past years, and we are convinced that ATP is well positioned for the next stage of its impressive growth trajectory with its new partner Arsenal."

BU is part of a family-owned business that has grown over several generations. The BU funds invest in mid-sized companies in the DACH region and Northern Italy across a wide range of sectors.

In other news, compounding firm Ensinger has acquired the StyLight thermoplastic composite materials business of Ineos Styrolution. The acquisition adds an exclusive SAN based product range to Ensinger’s thermoplastic composite portfolio. SAN based products bring many new thermoplastic composite possibilities to the market such as carbon, glass and natural (flax) based fibre products for aesthetic materials, semi structural, and over moulding applications to name a few. Terms were not disclosed.

Ineos Styrolution developed and successfully launched the innovative StyLight product line at the K Show in 2016. Since then, the new solution has triggered a lot of interest and business with many customers across a range of industries, it adds.

“The business continues in Ensinger’s experienced hands, serving the existing customer base and seeking future growth potential to enhance the company’s current position in the international thermoplastic composites market”, says Daniel Grauer, International Business Development Manager, Ensinger Composites, who will be the primary contact for all sales and customer enquiries.

Ensinger has rebranded StyLight to its thermoplastic composite materials brand Tecatec, to align seamlessly with its current product offerings to the international market.

“The addition of the Ineos Styrolution StyLight business is the next strategic building block in Ensinger’s journey to becoming one of the only manufacturers able to offer the complete value chain of thermoplastic composite products,” says Ralph Pernizsak, Managing Director, Ensinger Group.

(PRA)

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