Royal Holdings Inc., a holding company of Arsenal Capital Partners, recently announced that it has acquired the stock of Adhesives Packaging Specialties Inc. (APS) through its Royal Packaging Specialties subsidiary.
“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, CEO 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.”
APS President Stephen Buchanan said, “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.”