Dash Multi-Corp. has acquired Pathway Polymers, a leading supplier of polyurethane tire fill material and equipment, buying the company from the Vita Group. Dash is a platform portfolio company of Arsenal Capital Partners. Terms were not released.
Dash Multi-Corp. (Dash), today announced the acquisition of Pathway Polymers, a leading supplier of polyurethane tire fill material and equipment, from the Vita Group. Dash is a platform portfolio company of Arsenal Capital Partners (Arsenal) which focuses on the specialty technologies of polyurethane systems, vinyl plastisols and recycled rubber products.
Established in 1971, Pathway Polymers invented TyrFil, the world’s first polyurethane tire fill material intended to flatproof tires. As a key supplier to major mining, construction, rental and OEM customers, Pathway Polymers is a leading supplier of tire fill for flatproofing solutions in the U.S. and international markets. Pathway Polymer also owns an exclusive patented AutoFil Recycler System for the aftermarket and the OE AutoFil Recycler System designed for original equipment manufacturers to keep millions of pounds of post-consumer tire fill and recycled pneumatic tires out of landfills each year. For additional information on Pathway Polymers please visit www.pathwaypolymers.com.
Andy Harris, Chief Executive Officer of Dash, said, “The acquisition of Pathway Polymers fits with our growth strategy in expanding Dash’s global polyurethane capabilities. This acquisition builds on our focus to deliver the best product and service to our customers. We are delighted to partner with the management and employees of Pathway Polymers and support their customers and growth worldwide.” Following the closing, Pathway Polymers will be part of the Dash Tire Fill business in the Polyurethane Systems Business Unit. Pathway is a highly complementary combination with the tire fill business of Arnco, which was also recently acquired by Arsenal as part of the Dash platform. Together the Arnco and Pathway teams will provide even greater value with technology, support and service to their customers around the world.
Joe Danules, President and Chief Executive Officer of Pathway Polymers said, “Pathway Polymers is now better positioned to serve its customers globally. Our strategy fits with Dash’s desire to address the growing polyurethane tire fill market. This partnership will be good to our global customers and we look forward to being part of the Dash urethanes team.”
Arsenal, a leading New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies, acquired Dash on December 26, 2012 to create a leading global polyurethane and specialty materials platform.
John Televantos, a Partner at Arsenal Capital Partners and co-head of the firm’s Specialty Industrials Group, said, “Pathway Polymers has a long history of innovation in the polyurethane tire fill market and fits very well with Dash’s history and culture. The polyurethane technology continues to evolve and address unmet needs in the market. As we expand Dash Polyurethane Systems, we will support our customers in their growth.” Tim Zappala, a Partner at Arsenal Capital Partners and co-head of the firm’s Specialty Industrials Group, added, “The combination builds on our strategy to create a leading polyurethane business offering a broad portfolio of products and technologies that serve multiple end markets.”
About Dash Multi-Corp.Dash Multi-Corp. is a company based in St. Louis, MO which manufactures custom formulated polyurethane systems, specialty vinyl plastisols and recycled rubber products. The business also manages one of the largest tire recyclers in the United States, which processes approximately 35 million pounds of tires each year which the company converts into environmentally preferred “green” recycled rubber products, keeping rubber waste out of landfills.
For additional information on Dash Multi-Corp. please visit www.dashmulticorp.com.
About Arsenal Capital PartnersFormed in 2000, Arsenal Capital Partners is a leading New York-headquartered private equity firm that invests in middle-market specialty industrial and healthcare companies. Arsenal makes investments in sectors where the firm has significant prior knowledge and experience. The firm 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.