American Securities LLC and Arsenal Capital Partners recently announced that American Securities has partnered with management and signed a definitive agreement to acquire Royal Adhesives and Sealants LLC from Arsenal Capital Partners. The transaction is expected to close in June and is subject to customary closing conditions and regulatory approvals.
“We are excited to partner with American Securities because they are ideally positioned to support our next phase of growth and development,” said Ted Clark, president and CEO of Royal Adhesives and Sealants. “American Securities has significant experience in the specialty chemical sector and a broad and experienced team upon which we can draw. We look forward to working with them as we continue to focus on providing adhesive and sealant application solutions that create value for our global customers.”
Scott M. Wolff, managing director of American Securities, said, “We believe that the company’s commitment to product innovation, combined with its experienced and customer-focused management team, positions Royal for a strong future. We look forward to bringing our resources to bear to support Ted and his team for Royal’s continued success.”