Royal Holdings Inc., which is backed by Arsenal Capital Partners, announced Thursday that its Royal Packaging Specialties subsidiary has acquired the stock of Adhesives Packaging Specialties Inc. Terms were not disclosed.
Royal Holdings Inc. (Royal), a holding company of Arsenal Capital Partners (Arsenal), announced that it has through its Royal Packaging Specialties subsidiary, acquired the stock of Adhesives Packaging Specialties Inc. (APS)
Based in Peabody, MA, APS custom packages one and two component adhesives, sealants and resins including acrylic, anaerobic materials, conductive, epoxy, polysulfide, polyurethanes, premixed frozen syringes, UV curable and other polymers used in a wide variety of industries, such as aerospace, automotive, computers, construction, electronics and telecommunications. APS is an ISO 9001: 2008 and AS9100C registered facility.
“We are excited to acquire the market-leading and most innovative custom packager that will serve as a standalone platform to build a larger business dedicated to improving our domestic and international customers process for packaging, mixing and applying adhesives and sealants that are specified for use in their end products,” said Ted Clark, Chief Executive Officer of Royal Holdings. “We are pleased that we will be able to support the APS management team in executing their strategy and continuing to provide the high level of service and quality to their customers that they are known for.”
John Televantos, a Partner at Arsenal Capital who co-heads the firm’s Specialty Industrial practice said, “APS fits well with our strategy and provides a strong platform for us to develop a larger and more geographically diverse custom packaging business that serves the domestic and international Adhesives and Sealant industry”.
“We are excited about working with the APS team, they have an industry leading reputation for quality and service which is critical to support the trend towards more efficient packaging, mixing and application of structural and assembly adhesives and sealants,” notes Tim Zappala, a Partner at Arsenal Capital who co-heads the firm’s Specialty Industrial practice.
APS President Stephen Buchanan stated, “We are very pleased to partner with Ted Clark and Arsenal who have significant experience in the custom packaging segment of the adhesives and sealants Industry and will help us develop and grow the unique and innovative packaging business model that APS has developed as a result of more than 30 years in the custom adhesives and sealants packaging business.”
Adhesive Packaging Specialties, Inc. (APS) founded by Melvin Lawson a chemist and adhesives industry veteran, began by custom packaging single component and multi-component resin materials in 1977.For more than three decades, APS has remained dedicated to the highest quality and customer satisfaction in packaging. APS customers include both formulators and end users in a wide variety of industries, such as aerospace, automotive, computers, construction, electronics and telecommunications. Applications using APS products vary from minor repair kits to sophisticated manufacturing processes such as conductive materials used on semiconductors. APS products are sold throughout the world. For additional information on APS, please visit be www.adhesivepackaging.com
About Arsenal Capital Partners
Arsenal Capital Partners is a leading New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies. Arsenal makes investments in sectors where the firm has prior knowledge and experience, and 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 $1.4 billion of committed equity capital. For additional information on Arsenal Capital Partners, please visit www.arsenalcapital.com.
About Royal Holdings Inc.
Royal Holdings Inc. was founded in 2003 to invest in certain niche segments of the global adhesives, sealants and coatings industry and to build on those segments though focused organic and acquisition growth. In addition to Royal Specialty Packaging, the parent of APS, its holdings include Royal Adhesives & Sealants, Royal Coatings & Specialty Polymers and Royal Elastomers.