Matrix Adhesives Group recently announced the launch of a North American adhesive and sealant manufacturing and packaging platform formed from the contemporaneous recapitalizations of Guy Chemical Company LLC and Nuco, Inc. by Goldner Hawn, a private equity firm. Dan Horner, an industry veteran and Matrix CEO, partnered with Goldner Hawn and, together with the prior owners and the management teams at Guy Chemical and Nuco, holds an ownership stake in Matrix.
With manufacturing locations in Guelph, Ontario, Canada, and Somerset, Pa., Matrix reports that it serves blue-chip customers across consumer and industrial markets. The company offers formulation, compounding, filling, and packaging capabilities through state-of-the-art facilities, automated production lines, and mixing tanks. The combined Matrix platform is led by Horner, while Guy Berkebile continues to run and lead Guy Chemical, and Wendy Adams is leading Nuco’s operations with continued involvement from prior co-owner, Scott Gray.
Guy Chemical is a contract packager, manufacturer, and formulator of adhesive and sealant products, as well as a value-added partner for a diverse group of customers representing brands across consumer and industrial markets. Guy Chemical sells its products primarily through OEM and distributor channels. Nuco is a manufacturer of sealants, foams, firestops, and adhesives and serves long-standing customers across Canada and the U.S. Nuco also sells through OEM and distributor channels.
“We are delighted to partner with Guy Berkebile, Wendy Adams and their teams at Guy Chemical and Nuco,” Horner said. “This new platform brings decades of domain and technical expertise in the adhesives and sealants market, and we are excited to support their organic and acquisition growth initiatives to continue to build this leading North American adhesive and sealant manufacturing and packaging platform. Guy Chemical and Nuco have built very impressive, customer-focused, businesses over the past 25+ years, and we are pleased that they chose to join forces with Matrix Adhesives Group. Guy Chemical and Nuco share our philosophy of providing exceptional service, value, and superior adhesive solutions for our customers.”
According to Chad Cornell, partner at Goldner Hawn, “Goldner Hawn is excited about the combined capabilities of Guy Chemical and Nuco. We have a great team in place at Matrix, Guy Chemical and Nuco and are excited about the natural synergies for the platform. We will continue to pursue strategic acquisitions for the platform to expand capabilities and optionality for our core customer base.”