2016 revenue: $355 million
Accella Performance Materials slowed down on acquisitions in 2016 after a busy 2015.
But it’s still growing, especially in areas like sports surfacing and spray elastomers.
“We’ve been growing at 20 percent year-over-year because we’re offering rubber and polyurethane chemistries as a one-stop shop,” said Al Restaino, director of sales and marketing. “We have the ability to get the products on the truck at the same time, and that’s important” to prevent work lag time.
One acquisition took place in March 2016 for Quadrant Urethane Technologies’ Spray Foam Division, a manufacturer of spray foams for insulation based in McKinney, Texas. Accella bought at least three companies in 2015.
“We are hitting quite a lot of synergies from our integrations,” Restaino said.
The Maryland Heights company, which is owned by Arsenal Capital Management of New York and members of management, in February said it would buy the spray polyurethane foam business of Covestro LLC of Spring, Texas, including its facility in Spring, Texas, which produces spray polyurethane foam used in insulation and roofing in homes and commercial buildings.
Restaino said that acquisition, expected to close in the second quarter, would push Accella’s annual revenue to around $500 million in 2017.
Currently, outside of its headquarters here, Accella has a recycle tire facility in Portland; a rubber manufacturing facility in McMinnville, Oregon; a polyurethane facility in Rancho Cucamonga, California; a tire fill and polyurethane facility near Cleveland; another in Chattanooga, Tennessee; and a spray foam and roofing products facility in Cartersville, Georgia.
Add any jobs in 2016? Six or seven jobs in St. Louis, including HR and finance professionals. Many elsewhere, including HR, finance and sales.
Adding jobs in 2017? At least 40 via acquisition.
Local employees: 36
Total employees: 525
Leadership: Andy Harris, president and CEO