American Securities LLC and Arsenal Capital Partners announced that an affiliate of American Securities has acquired Meridian Adhesives Group, in partnership with the management team and funds affiliated with Arsenal. Financial terms of the transaction were not disclosed. Meridian is a producer of high-performance advanced adhesives for electronics, infrastructure, and industrial end markets. The company sells a broad portfolio of chemistries and focuses on niche applications that require custom solutions and complex formulations. Meridian operates 25 facilities and serves over 5,000 customers in North America, Asia-Pacific, and Europe. The company is headquartered in Houston, Texas, and employs approximately 560 people globally.
"We are grateful for the support of Arsenal over the past four years as we established Meridian as the go-to solution provider in the industry," said Dan Pelton, chief executive officer of Meridian. "We are excited about Meridian's next phase of growth and our new partnership with American Securities."
"The time that we have spent evaluating and investing in companies in the adhesives space gives us immense appreciation for Meridian's leadership positions in attractive and growing end markets and applications," commented Scott Wolff, a managing director of American Securities. "We are excited to support the company's organic growth and M&A strategies, innovation, and continued operational excellence so that Meridian can continue to solve problems for its customers."
"Meridian's growth has been a result of focusing on positive long-term trends in technologies and end markets, coupled with hard work from a talented leadership team and employee base," said Roy Seroussi, an investment partner of Arsenal. "We look forward to our continued partnership with the company and American Securities as we build a leading, global adhesives company."
For more information, visit: www.american-securities.com.