Arsenal acquires Epoxy and ATC and sets up adhesives group

US private equity firm Arsenal Capital Partners, which invests in middle-market specialty industrials and healthcare business services companies, has acquired Epoxy Technology, a manufacturer of specialty epoxy, ultraviolet, and hybrid adhesives. Terms were not disclosed.

Earlier, Arsenal announced the creation of Meridian Adhesives Group as its new platform in adhesives and sealants and the concurrent acquisition of Adhesives Technology Corporation (ATC), a specialty manufacturer of adhesives for the infrastructure and construction industries.

Arsenal says it brings significant experience in the US$60 billion global adhesives and sealants market, having previously built Royal Adhesives and Sealants through nine strategic acquisitions and creating a top ten global supplier of adhesives and sealants with sales in excess of US$600 million annually.

Epoxy Tech, founded in 1966, is a pioneer in the development of specialty epoxy, ultraviolet, and hybrid adhesives, offering Epo-Tek for the semiconductor, microelectronics, medical devices, military, automotive, optical, solar and aerospace sectors. The company is based in Billerica, MA.

Founded in 1978, ATC is a manufacturer of construction and industrial-related adhesives in epoxies, urethanes, acrylics, ester blends, and polyureas. ATC’s product brands include Ultrabond, Miracle Bond, Crackbond, The Crackers and Hard-Rok.

(PRA)

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