Royal Adhesives & Sealants, a portfolio company of Arsenal Capital Partners, and Vertis Communications recently announced that Royal will acquire substantially all of the assets of Vertis’ indirect wholly owned subsidiary, Webcraft Chemicals, which operates under the name Craig Adhesives & Coatings (Craig). Based in Newark, NJ, Craig supplies UV light-cured and water-based adhesives and coatings to the printing and graphic arts markets. The acquisition reportedly builds on Royal’s strong platform of leading adhesives, sealants and coatings.
“We are excited to add Craig’s market-leading ultraviolet and water-based adhesives and coatings products to our growing platform, and welcome Craig’s employees and clients to the Royal family,” said Ted Clark, CEO of Royal. “As a leading producer of high-performance adhesives, sealants and coatings, we look forward to working with the Craig team to advance our combined product portfolio and expand our presence in the packaging and graphic arts market.”
“Craig has a long history of innovation in the fast-growing market for ultraviolet light-cured adhesives and coatings, and is providing great solutions and service to the packaging, printing, and lamination markets,” said John Televantos, a partner at Arsenal Capital. “The acquisition of Craig 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.”
For more information, visitwww.arsenalcapital.comorwww.royaladhesives.com.
Royal to Acquire Craig Adhesives
December 7, 2011