Grace Matthews Inc. and CASS Polymers, a Shoreview Industries portfolio company, recently announced that Bacon Adhesives has been acquired by Royal Adhesives & Sealants. Bacon previously operated as a division of CASS Polymers. Grace Matthews advised CASS Polymers and Shoreview Industries on this transaction.
“Royal's position in the aerospace & defense markets provides opportunity to enhance the long-term growth potential of Bacon,” said Doug Frans, chairman of CASS Polymers. “The transaction represents a positive step for Bacon's customers and employees, and is a good outcome for the CASS Polymers shareholders. We look forward to focusing our efforts on our specialty coatings businesses going forward."
"We see this as the ideal outcome for Bacon,” said Andy Hinz, director, Grace Matthews. “The complementary nature of Bacon's product line, combined with Royal's strong sales and technical resources, will allow Bacon to thrive within Royal's global organization.”