Arsenal Capital Partners has announced its acquisition of Para-Chem Southern, a leading provider of specialty adhesives, coatings and polymers. Concurrent with the transaction, Para-Chem will be merged with Arsenal’s platform investment, Royal Adhesives and Sealants LLC, which was recently announced.
“Para-Chem has a long history of innovation providing great solutions and service to its diverse customers,” said John Televantos, partner, Arsenal Capital. “The acquisition of Para-Chem and merger with Royal represents an important milestone in our strategy to further build a leading adhesives, sealants and coatings business offering customized and proprietary solutions.”
“The acquisition of Para-Chem strengthens Royal’s technical expertise and approach of providing customers with specialty formulated products,” said Ted Clark, CEO of Royal Adhesives and Sealants. “Royal’s experienced management team will partner with Para-Chem to accelerate global growth and expand the platform into new technologies and geographies. We are excited about Arsenal’s backing and are confident that their experienced team will serve as exceptional partners to Royal.”
“We are delighted to become an integral part of Royal Adhesives and Sealants,” said Bill Ward, CEO, Para-Chem, and president, Royal. “Para-Chem’s technical capabilities will enhance Royal’s customized product offerings and together, we believe this positions the newly combined company to better address customer demands for flexible, high performance and quality products.”
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Arsenal Capital Partners Acquires Para-Chem
December 15, 2010