Meridian Buys Epoxies, Etc.
GRACE MATTHEWS ADVISES EPOXIES, ETC. ON ITS SALE TO MERIDIAN ADHESIVES GROUP
MILWAUKEE (August 26, 2019) – Meridian Adhesives Group (“Meridian”) announced the acquisition of Epoxies, Etc. (“Epoxies”), a leading resin formulator of epoxies, urethanes and silicones. Arsenal Capital Partners (“Arsenal”) created Meridian in 2018 as its platform in the global adhesives and sealants sector, focusing on high-value adhesives technologies.
Epoxies, based in Cranston, Rhode Island and founded in 1988, is a specialty formulator of epoxy, urethane, silicone, and UV curable resin systems. The Company manufactures a broad range of adhesives, potting compounds and coatings for use in the electronics, electrical, construction and decorative industries.
“We are thrilled to be part of Meridian Adhesives Group”, said Michael Harrington, Epoxies’ President and CEO. “This merger will enable us to continue our rapid growth in our strategic markets. Our customers and all Epoxies, Etc. stakeholders will benefit from Meridian’s support.”
“The addition of Epoxies to Meridian’s growing platform of adhesive and sealant technologies will create significant opportunities for both companies,” commented Andy Hinz, Managing Director at Grace Matthews. “Grace Matthews has worked on transactions in adhesives and specialty materials for more than 20 years, and the strategic fit between Epoxies and Meridian is about as strong as we’ve seen.”