Royal Holdings Acquires Chemical Innovations
Royal Holdings Inc., a portfolio company of Arsenal Capital Partners, recently announced that it has acquired the stock of Chemical Innovations Ltd. (CIL) from Vita (Group) Unlimited through its Kommerling UK Ltd. subsidiary. Based in Preston, UK, CIL is a leading developer and manufacturer of high-performance rubber-to-metal, rubber-to-plastic, rubber-to-fabric and rubber-to-glass bonding adhesives for high-performance automotive and industrial applications.
“We are excited to acquire a leader in a technology that complements and adds to our already broad line of adhesives and sealants,” said Ted Clark, CEO of Royal. “CIL, like Royal, works closely with customers to provide adhesives solutions that enhance and add value to our customers’ products. We can help develop the global market though our global team of adhesives and sealants application professionals.”