Industry News

Arsenal Takes-over ATC, Forms Meridian Adhesives Group

Published on 2018-06-12. Author : SpecialChem

Arsenal Capital Partners (“Arsenal”), has announced the acquisition of Adhesives Technology Corporation (“ATC”), a leading manufacturer of specialty adhesives for the infrastructure and construction industries.

Formation of a New Global Adhesive Platform

Arsenal Capital Partners acquire Adhesives Technology Corporation

Simultaneous with the acquisition of ATC, Arsenal also announced the creation of Meridian Adhesives Group (“Meridian”) as its new platform in the global adhesives and sealants sector, which will focus on high-value adhesives technologies. Arsenal brings significant experience in the $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 $600 million annually.

Increased Expertise and Capabilities

"Partnering with Arsenal provides us with the capital and an increased level of industry and operating expertise which enables us to take advantage of all we have to offer and fast forward our acquisition capabilities. We are excited about partnering with such a time-tested and successful firm and look forward to catapulting ATC to new heights as an innovative market leader,” said Hart McIntyre, the President of ATC.

Chas Eggert, an Industry & Operations Partner of Arsenal Capital, said, “Arsenal has extensive experience investing and building companies in the adhesives and sealants sector, and the investment in ATC complements our expertise. We look forward to partnering with Hart and the leadership team to help accelerate ATC’s growth and build another global leader in adhesives and sealants through the Meridian platform.”

Supporting Customer Demands

Don Nolan, interim CEO of Meridian and the Chair of the board, said, “ATC has an exciting portfolio of adhesive solutions that address unmet needs in the U.S. infrastructure market. Our strategy is to build on ATC’s technologies to support its customers’ emerging demands.”

Source: Arsenal Capital Partners
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