Arsenal Capital acquires Adhesives Technology Corporation
New name will be Meridian Adhesives Group.
Arsenal Capital Partners, a leading private equity firm that invests in middle-market specialty industrials and healthcare business services companies, announced today the acquisition of Adhesives Technology Corporation (ATC), a leading manufacturer of specialty adhesives for the infrastructure and construction industries.
Simultaneous with the acquisition of ATC, Arsenal also announced the creation of Meridian Adhesives Group as its new platform in the global adhesives and sealants sector, which will focus on high-value adhesives technologies. Arsenal previously built Royal Adhesives and Sealants through nine strategic acquisitions and creating a top ten global supplier of adhesives and sealants with sales in excess of $600 million annually.
"Partnering with Arsenal provides us with the capital and an increased level of industry and operating expertise which enables us to take advantage of all we have to offer and fast forward our acquisition capabilities. We are excited about partnering with such a time-tested and successful firm and look forward to catapulting ATC to new heights as an innovative market leader,” said Hart McIntyre, the President of ATC.
Chas Eggert, an Industry & Operations Partner of Arsenal Capital, said, “Arsenal has extensive experience investing and building companies in the adhesives and sealants sector, and the investment in ATC complements our expertise. We look forward to partnering with Hart and the leadership team to help accelerate ATC’s growth and build another global leader in adhesives and sealants through the Meridian platform.”
Don Nolan, interim CEO of Meridian and the Chair of the board, said, “ATC has an exciting portfolio of adhesive solutions that address unmet needs in the U.S. infrastructure market. Our strategy is to build on ATC’s technologies to support its customers’ emerging demands.”
Founded in 1978, ATC is a leading manufacturer of construction and industrial-related adhesives in epoxies, urethanes, acrylics, ester blends, and polyureas. ATC’s product brands include ULTRABOND, MIRACLE BOND, CRACKBOND, THE CRACKER and HARD-ROK. From heavy duty construction needs to everyday household repairs, ATC’s products can be used for anchoring, doweling, bonding, coating, joint filling, concrete repair, maintenance and restoration. Visit www.atcepoxy.com for more information.
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
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Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
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