American Securities Acquires Royal Adhesives and Sealants from Arsenal Capital Partners
NEW YORK -- Arsenal Capital Partners announced that it has completed the sale of portfolio company Royal Adhesives and Sealants, LLC ("Royal" or the "Company") a leading producer of proprietary, high-performance adhesives and sealants, to American Securities LLC. Financial terms of the transaction were not disclosed.
Tim Zappala, a Partner who co-heads Arsenals Specialty Industrials group, said, "We are very pleased to have worked with CEO Ted Clark and his management. During our partnership we successfully established Royal as a leading player in niche, high growth end markets with a particular emphasis on the substitution of traditional mechanical fasteners towards adhesives and sealants technologies which improve reliability and performance and provide a cost-effective solution to Royals global customers."
Arsenal acquired Royal in late 2010 and concurrently combined it with Para-Chem Southern. The Company then completed eight strategic acquisitions, including ADCO Global, Inc., a leading global provider of specialty sealants, tapes and adhesives. The successful execution of Royals strategy created a top ten global supplier of adhesives and sealants with sales in excess of $600 million annually.
"As with most Arsenal investments in Specialty Industrials the foundation for this investment was started many years ago with our initial interest in this high growth sector. Through identifying the right platform and partnering with a strong management team we built a unique asset. This transaction represents another successful exit for Arsenal, producing strong returns for Arsenal and its investors," added John Televantos a Partner who co-heads Arsenals Specialty Industrials group.
Ted Clark, CEO of Royal, said, "We greatly appreciate Arsenals s
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