Arxada will benefit from Troy’s technical expertise, customer relationships, and portfolio of performance products as well as a long history of innovation.
Arxada and Troy Corp. recently announced that they have entered into an agreement to combine the two companies. The agreement represents the first strategic deal by Arxada, formerly known as Lonza Specialty Ingredients (LSI) and owned by private equity funds Bain Capital and Cinven, since the purchase from Lonza Group AG in July 2021. As part of the deal structure, Troy’s owners will invest in the combined company.
The partnership is reportedly a logical next step in Arxada’s strategy to strengthen its offering and enhance the capabilities of its Microbial Control Solutions (MCS) business. Troy is a global leader in the field of industrial preservation with broad expertise in paints and coatings, wood protection and preservation, home and personal care, plastics and textiles, energy, and metal working fluids.