Polymer Solutions Group, a portfolio company of Arsenal Capital Partners, has acquired the assets of Calhoun, Georgia-based Phoenix Chemical Company Inc, a specialty chemical manufacturer and distributor focused on the carpet, textile, water treatment, and household, industrial and institutional chemicals markets. No financial terms were disclosed.
ACWORTH, GEORGIA (PRWEB) FEBRUARY 26, 2018
Polymer Solutions Group (“PSG”), a leading manufacturer of specialty polymers and additives, today announced it has acquired the assets of Phoenix Chemical Company, Inc. (“Phoenix Chemical”). PSG is a portfolio company of Arsenal Capital Partners (“Arsenal”) and was established in June 2015.
Based in Calhoun, GA, Phoenix Chemical is a specialty chemical manufacturer and distributor focused on the carpet, textile, water treatment, and household, industrial & institutional chemicals markets. Phoenix Chemical brings to PSG significant market expansion, technical and manufacturing capabilities, and enhanced logistics that complement PSG’s other business units; in particular, Peach State Labs (“PSL”), Flow Polymers, and SASCO Chemical.
Mike Ivany, President and Chief Executive Officer of Polymer Solutions Group, said, “The addition of Phoenix Chemical to PSG will allow us to further build our Functional Materials Business Unit. Phoenix Chemical brings unique skills and capabilities, and we look forward to all our businesses supporting each other as we build the PSG platform. We are fortunate that John Bryant will be staying on to lead the Phoenix Chemical business.”
“I am delighted with the sale of our Phoenix Chemical business to PSG. We have built a great business and combining it with the PSG platform allows us to continue our growth with expanded technology and manufacturing resources,” said John Bryant, President of Phoenix Chemical. “Our customer relationships are key to our success, and with PSG, we expect to be able to expand our offerings and enhance our ability to add value.”
The assets of Phoenix Chemical and its affiliated entities, New South Distribution, Inc. and Olive Branch Distribution, Inc., are being acquired by Phoenix Chemical Company LLC, a newly formed subsidiary of PSG.
About Polymer Solutions Group
PSG is a manufacturer of specialty polymers and additives for the rubber, wood, consumer, construction, and medical industries. PSG was formed by Arsenal Capital Partners (http://www.arsenalcapital.com) in 2015 with the acquisition of Peach State Labs (Rome, GA). Flow Polymers (Cleveland, OH), SASCO Chemical (Albany, GA) and Alkon Solutions (Leeds, UK) were added in 2016. For additional information on PSG, please visit http://www.polymersolutionsgroup.com.
About Arsenal Capital Partners
Established in 2000, Arsenal Capital Partners is a leading private equity firm that specializes in investments in middle-market specialty industrials and healthcare companies. Since inception, Arsenal has raised institutional equity investment funds of approximately $3 billion. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience and seeks companies typically in the range of $100 – $500 million of initial enterprise value. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add.