Arsenal Capital Partners Acquires Plasticolors, Creates Chromaflo Technologies LLC
NEW YORK – Arsenal Capital Partners, a New York-based private equity firm that invests in middle-market specialty industrial, healthcare and financial services companies, announced the concurrent acquisition of Plasticolors Inc. and Evonik Industries’ Colortrend global colorants business to create Chromaflo Technologies.
Headquartered in Ashtabula, OH, Plasticolors Inc. is a leading supplier of pigment and chemical dispersions to the thermoset composites and industrial coatings industries. The company’s colorants can be found in a wide variety of products including industrial coatings, interior and exterior automotive components, epoxy flooring, electrical and appliance housings, and a myriad of other paints, coatings and molded composite applications.