Mergers & Acquisitions
April 13, 2022
Another Bolt-on Acquisition for Applied Adhesives
Arsenal’s APPLIED Adhesives Acquires PRIME Industries 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.
April 6, 2022
Q1 Chemical M&A Deals
Chemical Deal Results
Seems like a slow quarter; lots of deals in Q4 2020 in anticipation of tax changes . . .
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Hall Technologies | Omya | distribution | 1st Quarter 2022 |
| Jeen International | Vantage Specialty Chemicals (HIG Capital) | supplies for the personal care, cosmetic, flavor & fragrance, and pharmaceutical markets. | 1st Quarter 2022 |
| AP Nonweiler | Renovo Capital | industrial coatings | 1st Quarter 2022 |
| Debro | LBB Specialties | specialty chemical distribution in Canada – $50s | 1st Quarter 2022 |
| Sable Marco | Sika | manufacturer of cementitious products and mortars in Canada | 1st Quarter 2022 |
| Biotron Laboratories & Talus Mineral | Aceto | ingredients for the nutritional supplement industry | 1st Quarter 2022 |
| J. Drasner & Co. | HB Chemical (Ravago) | low melting batch inclusion film and bags | 1st Quarter 2022 |
| DuPont | Celanese | majority of Mobility & Materials unit (nylons, polyesters (PET and PBT), and elastomers (TPC and EAE)) – $3,500s/$11,000v | 1st Quarter 2022 |
| Mission Flavor & Fragrances | Hasegawa | flavors and fragrances | 1st Quarter 2022 |
| L&D Adhesives | Applied Adhesives (Arsenal Capital) | adhesives and sealants | 1st Quarter 2022 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Bregal Unternehmerkapital | Arsenal Capital | ATP Group (water-based adhesive tapes) | 1st Quarter 2022 |
| Innoleo | Biosynthetic Technologies | distribution of castor oil and derivatives of castor oil | 1st Quarter 2022 |
| Center Oak Partners | Gryphon Investors | Vivify (specialty chemicals for colorant and related specialty applications in the packaging, plastics, personal care & cosmetics, food & beverage, coatings, and agriculture industries) | 1st Quarter 2022 |
| NCP Coatings | Century Park Capital | coatings for the military, industrial, commercial, and forestry end markets | 1st Quarter 2022 |
| GEO (CPS Performance Materials) | Perstorp | Di-Methylolpropionic Acid Business | 1st Quarter 2022 |
http://www.chemicaldeals.com/Results.aspx?searchtext=&quarter=1st+Quarter+2022
April 6, 2022
Q1 Chemical M&A Deals
Chemical Deal Results
Seems like a slow quarter; lots of deals in Q4 2020 in anticipation of tax changes . . .
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Hall Technologies | Omya | distribution | 1st Quarter 2022 |
| Jeen International | Vantage Specialty Chemicals (HIG Capital) | supplies for the personal care, cosmetic, flavor & fragrance, and pharmaceutical markets. | 1st Quarter 2022 |
| AP Nonweiler | Renovo Capital | industrial coatings | 1st Quarter 2022 |
| Debro | LBB Specialties | specialty chemical distribution in Canada – $50s | 1st Quarter 2022 |
| Sable Marco | Sika | manufacturer of cementitious products and mortars in Canada | 1st Quarter 2022 |
| Biotron Laboratories & Talus Mineral | Aceto | ingredients for the nutritional supplement industry | 1st Quarter 2022 |
| J. Drasner & Co. | HB Chemical (Ravago) | low melting batch inclusion film and bags | 1st Quarter 2022 |
| DuPont | Celanese | majority of Mobility & Materials unit (nylons, polyesters (PET and PBT), and elastomers (TPC and EAE)) – $3,500s/$11,000v | 1st Quarter 2022 |
| Mission Flavor & Fragrances | Hasegawa | flavors and fragrances | 1st Quarter 2022 |
| L&D Adhesives | Applied Adhesives (Arsenal Capital) | adhesives and sealants | 1st Quarter 2022 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Bregal Unternehmerkapital | Arsenal Capital | ATP Group (water-based adhesive tapes) | 1st Quarter 2022 |
| Innoleo | Biosynthetic Technologies | distribution of castor oil and derivatives of castor oil | 1st Quarter 2022 |
| Center Oak Partners | Gryphon Investors | Vivify (specialty chemicals for colorant and related specialty applications in the packaging, plastics, personal care & cosmetics, food & beverage, coatings, and agriculture industries) | 1st Quarter 2022 |
| NCP Coatings | Century Park Capital | coatings for the military, industrial, commercial, and forestry end markets | 1st Quarter 2022 |
| GEO (CPS Performance Materials) | Perstorp | Di-Methylolpropionic Acid Business | 1st Quarter 2022 |
http://www.chemicaldeals.com/Results.aspx?searchtext=&quarter=1st+Quarter+2022
March 31, 2022
Recticel Completes Sale
Recticel completes the sale of its Bedding activities to Aquinos Group
Regulated information, Brussels, 31/03/2022 — 17:45 CET, 31.03.2022
Recticel announces that on 31 March 2022, it successfully sold its Bedding activities to to the Portuguese privately owned Aquinos Group.
Olivier Chapelle (Chief Executive Officer): “The closing of the transaction went smoothly, and within the expected timeframe. The divestment of the Bedding business line is another essential step in simplifying our group structure and in realizing our strategic objectives, while further strengthening our capital structure.
With the Aquinos Group, I am confident that we have found a new owner with the commercial and industrial capabilities to leverage the full potential of our Bedding brands, proprietary technology and highly qualified teams. Our Bedding employees and customers will find in Aquinos a truly dedicated player in the European sleep comfort market. I also want to express my heartfelt gratitude for the professionalism, dedication and loyalty shown over the years by our Bedding teams, to whom I wish all the best in the future.”
https://www.recticel.com/recticel-completes-sale-its-bedding-activities-aquinos-group.html
March 31, 2022
Recticel Completes Sale
Recticel completes the sale of its Bedding activities to Aquinos Group
Regulated information, Brussels, 31/03/2022 — 17:45 CET, 31.03.2022
Recticel announces that on 31 March 2022, it successfully sold its Bedding activities to to the Portuguese privately owned Aquinos Group.
Olivier Chapelle (Chief Executive Officer): “The closing of the transaction went smoothly, and within the expected timeframe. The divestment of the Bedding business line is another essential step in simplifying our group structure and in realizing our strategic objectives, while further strengthening our capital structure.
With the Aquinos Group, I am confident that we have found a new owner with the commercial and industrial capabilities to leverage the full potential of our Bedding brands, proprietary technology and highly qualified teams. Our Bedding employees and customers will find in Aquinos a truly dedicated player in the European sleep comfort market. I also want to express my heartfelt gratitude for the professionalism, dedication and loyalty shown over the years by our Bedding teams, to whom I wish all the best in the future.”
https://www.recticel.com/recticel-completes-sale-its-bedding-activities-aquinos-group.html
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