Meridian Adhesives Group Announces Third Acquisition
NEW YORK – Meridian Adhesives Group announced the acquisition of W.F. Taylor LLC from Dominus Capital L.P. Terms of the acquisition were not disclosed.
Earlier this year, Arsenal Capital Partners created Meridian as its new platform in the global adhesives and sealants sector, focusing on high-value adhesives technologies. In May 2018, Meridian completed the acquisitions of Epoxy Technology and Adhesives Technology Corp. The acquisition of Taylor adds specialty flooring adhesives to Meridian’s portfolio, which currently includes high-performance specialty epoxy, polyurethane and hybrid adhesives for the electronics, medical, construction and infrastructure markets.
Roy Seroussi, an Investment Partner of Arsenal, said, “Consistent with our strategy to build Meridian with technology leaders, Taylor has become a category leader, delivering new technologies and product innovations to the flooring adhesives market for decades.”
Don Nolan, Chair of Meridian’s board, added, “We welcome the Taylor team to Meridian and look forward to supporting Taylor’s continued growth into new markets and applications. We are also delighted to have Dan Pelton, Taylor’s CEO, join as the CEO of Meridian.”
Dan Pelton, President and CEO of Taylor and now Meridian, said, “Taylor is excited about the opportunities to join forces with Meridian. Taylor’s customer-driven focus of offering exceptional adhesive solutions will only strengthen with this transaction. We look forward to the collaboration and expansion of technological advancements across all of Meridian’s platform companies.”