Another Bolt-on Acquisition for Applied Adhesives
|Arsenal’s APPLIED Adhesives Acquires PRIME Industries|
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|MINNETONKA, Minn., April 12, 2022 – APPLIED Adhesives, a premier adhesive solutions provider in North America, today announced that it has completed its acquisition of PRIME Industries, a regional supplier of adhesives, sealants, and dispensing equipment solutions located in Denver, CO. This acquisition strengthens the Company’s commitment to providing industry leading products, technical expertise, and relentless service to its customers.|
“We believe cultural fit is the most important factor when considering an acquisition, specifically the culture of how a company and its employees engage with their customers. The foundation of PRIME’s success is their ability to consistently exceed their customer’s expectations. PRIME’s customer focused cultural is a perfect match for how we partner with our customers at APPLIED,” said John Feriancek, President and CEO of APPLIED Adhesives. “I am thrilled that Dale and his team have chosen to join APPLIED and look forward to working together to continue delivering exceptional service and value to all PRIME customers.”
“We are proud of the business we have built and the value we have delivered to our customers for the past 27 years. We are grateful to our many loyal customers who have partnered with us to be a part of their success. We pride ourselves in partnering with customers to provide the best solutions for their adhesive and equipment needs,” said Dale Charles, Owner of PRIME Industries. “We now entrust this commitment to APPLIED. We are excited to join the APPLIED team and offer even more adhesive and equipment solutions while continuing to build strong relationships with new and existing customers.”
PRIME Industries is APPLIED Adhesives’ seventh acquisition in the past twelve months.
About APPLIED Adhesives
APPLIED Adhesives, founded in 1971, is a premier custom adhesive solutions provider in North America. The company is a value-added distributor of hot melt, water-based, and reactive adhesives as well as dispensing equipment. APPLIED Adhesives serves as a critical supply chain partner to leading adhesive manufacturers and formulators by offering reach and high service levels to an expansive customer base. For more information, please visit appliedadhesives.com.
About PRIME Industries Located in Denver, CO, PRIME Industries is a regional supplier with over 27 (1995) years of providing adhesives, dispensing equipment, and industrial sealants in the Rocky Mountain region. Their practical expertise in many industries, as well as all types of fabrication knowledge using most types of materials allows them to solving complex adhesive and dispensing equipment challenges. Please visit primei.com
About Arsenal Capital Partners Arsenal is a leading private equity firm that specializes in investments in middle-market industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of more than $10 billion, has completed more than 250 platform and add-on investments, and achieved more than 30 realizations. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. Visit www.arsenalcapital.com for more information.