Ward Adhesives, Applied Products Complete Merger
Ward Adhesives Inc., a portfolio company of Svoboda Capital Partners LLC, and Applied Products Inc. recently announced that they have completed a strategic merger. Applied Products and Ward Adhesives are both distributors of specialty adhesives and technology for the packaging, industrial, and printing industries.
“By combining two successful and professional organizations like Applied Products and Ward Adhesives, we will be able to provide our customers and markets we serve with the most innovative adhesive optimization solutions in North America,” said Dan Horner, CEO of Applied Products.
“We are very excited about the combination of two very strong, customer-focused businesses,” said Brian Webb, COO of Applied Products. “Aligning our organizations will expand our geographic reach and further strengthen the value we can provide our customers, our suppliers, and our employees.” . Both Horner and Webb reportedly retain significant equity positions and leadership roles in the combined entity.