Arsenal Capital Partners said Monday that it has acquired Simpsonville, S.C.-based Para-Chem Southern, which provides Para-Chem Southern. Financial terms were not announced. Arsenal is a New York PE firm.
Arsenal Capital Partners, a leading New York-based private equity firm that invests in middle-market specialty industrial, healthcare, and financial services companies, today announced the acquisition of Para-Chem Southern (“Para-Chem”), a leading provider of specialty adhesives, coatings and polymers. Concurrent with the transaction, Para-Chem will be merged with Arsenal’s platform investment, Royal Adhesives and Sealants, LLC announced two weeks ago.
Headquartered in Simpsonville, South Carolina, Para-Chem offers specialty adhesives, coatings, polymers, surfactants and thickeners, across a diverse range of markets in North America including carpeting, personal care, household, institutional and industrial, graphic arts, construction, specialty textiles, paper, packaging, and military. The company specializes in custom formulations offering flexible production, applications development, technical support and excellent service.
John Televantos, a Partner at Arsenal Capital said, “Para-Chem has a long history of innovation providing great solutions and service to its diverse customers. The acquisition of Para-Chem and merger with Royal represents an important milestone in our strategy to further build a leading adhesives, sealants and coatings business offering customized and proprietary solutions. ”
Tim Zappala, also a Partner at Arsenal added, “We look forward to partnering with the management and employees of both companies to expand the platform through organic growth initiatives, global expansion and further acquisitions.”
Ted Clark, Chief Executive Officer of Royal, said, “The acquisition of Para-Chem strengthens Royal’s technical expertise and approach of providing customers with specialty formulated products. Royal’s experienced management team will partner with Para-Chem to accelerate global growth and expand the platform into new technologies and geographies. We are excited about Arsenal’s backing and are confident that their experienced team will serve as exceptional partners to Royal.”