Royal Holdings Inc, a portfolio company of Arsenal Capital Partners, has acquired Chemical Innovations Limited from Vita (Group) Unlimited. No financial terms were disclosed. Based in the UK, CIL is a maker of high performance rubber to metal adhesives.
SOUTH BEND, IN, April 2, 2015 – Royal Holdings, Inc. (Royal), a portfolio company of Arsenal Capital Partners (Arsenal), announced that it has through its Kommerling UK Limited subsidiary, acquired the stock of Chemical Innovations Limited (CIL) from Vita (Group) Unlimited.
Based in Preston, UK, CIL is a leading developer and manufacturer of high performance rubber to metal, rubber to plastic, rubber to fabric and rubber to glass bonding adhesives for high performance automotive and industrial applications, including anti-vibration, hoses and belting and friction products. CIL sells to over 50 countries through a network of over 40 distributors.
“We are excited to acquire a leader in a technology that complements and adds to our already broad line of adhesives and sealants. CIL, like Royal, works closely with customers to provide adhesives solutions that enhance and add value to our customer’s products. We can help develop the global market though our global team of adhesives and sealants application professionals,” said Ted Clark, Chief Executive Officer of Royal.
Dick Spalton, Managing Director of Kommerling said, “CIL has a very experienced and talented management team, and we look forward to working with them to continue to develop the market for CIL’s product through our existing customer base and in developing and supporting their existing global distributor network.”
CIL Managing Director, Mr Aissa Benarous stated, “We are very pleased to become part of the Royal team, which will give us the opportunity to grow our business with an innovative and globally recognized company that focuses on its customers’ specific needs for adhesives and sealants solutions.”
About Chemical Innovations Limited (CIL)
Chemical Innovations Limited (CIL) was founded over 50 years ago; it began developing and manufacturing high performance rubber to metal adhesives over 40 years ago and has been an industry leader in rubber to metal, rubber to plastic, rubber to fabric and rubber to glass bonding ever since. For additional information on CIL, please visit www.cilbond.com.
About Royal Holdings, Inc. (Royal)
Royal Holdings, Inc. is a global developer and manufacturer of proprietary, high-performance adhesives and sealants. Headquartered in South Bend, Indiana, Royal offers a broad range of specialty formulated products designed to solve complex bonding, laminating and sealing applications across a diverse range of markets including aerospace and defense, construction, specialty packaging, automotive and industrial. The company offers a broad spectrum of customized thermosetting epoxy and urethane, solvent-based and water-based technologies to meet the most demanding adhesive and sealant applications. For additional information on Royal, please visit www.royaladhesives.com.
About Arsenal Capital Partners
Arsenal Capital Partners is a leading New York-based private equity firm that invests in middle market healthcare and specialty industrial companies. Arsenal makes investments in sectors where the firm has significant prior knowledge and experience. Arsenal targets businesses that have the potential for further value creation by working closely with management to accelerate growth and leverage the firm’s operational improvement capabilities. Arsenal currently has $1.7 billion of committed equity capital. For additional information on Arsenal Capital Partners, please visit www.arsenalcapital.com.