Arsenal Capital Partners Completes Sale of Royal Adhesives And Sealants
NEW YORK - Arsenal Capital Partners has completed the sale of portfolio company Royal Adhesives and Sealants LLC to American Securities LLC. Financial terms of the transaction were not disclosed.
Tim Zappala, a partner who co-heads Arsenal’s Specialty Industrials group, said, “We are very pleased to have worked with CEO Ted Clark and his management. During our partnership we successfully established Royal as a leading player in niche, high-growth end markets with a particular emphasis on the substitution of traditional mechanical fasteners towards adhesives and sealants technologies which improve reliability and performance and provide a cost-effective solution to Royal’s global customers.”
Arsenal acquired Royal in late 2010 and concurrently combined it with Para-Chem Southern. The company then completed eight strategic acquisitions, including ADCO Global Inc., a global provider of specialty sealants, tapes and adhesives. The successful execution of Royal’s strategy created a top-10 global supplier of adhesives and sealants with sales in excess of $600 million annually.