TruArc Partners Acquires Matrix Adhesives Group

TruArc Partners, a private equity firm focused on middle-market investments in business services and specialty manufacturing, has acquired Matrix Adhesives from Goldner Hawn. Terms of the transaction were not disclosed.
Matrix provides advanced adhesive and sealant solutions, offering a broad range of products for renovation and construction, industrial, commercial, and specialty applications. The company’s formulation expertise and specialty packaging capabilities enable it to deliver branded, proprietary, and private-label solutions across diverse end markets. Matrix is headquartered in Columbus, Ohio, with five additional manufacturing facilities in the United States and one in Canada.
TruArc Partners has prior experience investing in specialty manufacturing businesses and partnering with management teams to accelerate organic and inorganic growth strategies. Dennis (“DJ”) Johnson will remain in his role as CEO of the company and Rich Rowe, former president & CEO of Arkema North America, will join Matrix as the non-executive chairman of the Board of Directors.
“We have been highly impressed with what Matrix has become over the past five years. The company’s branded portfolio combined with its formulating and packaging capabilities provides a strong foundation for growth,” said John Pless, co-managing partner at TruArc Partners. “We are excited to partner with the Matrix team to support the company’s strategic expansion of its product offerings, end markets, and customers.”
“We’re proud of what we built with Goldner Hawn and are energized by what lies ahead. With TruArc, we believe we have a strong partner that can support our continued growth, expand our capabilities, drive innovation, and help us pursue strategic acquisitions to better serve our customers,” said DJ.
To learn more about Matrix Adhesives Group, visit matrixadhesives.com. Additional information about TruArc Partners is available at truarcpartners.com.
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