NEW YORK – Arsenal Capital Partners, a New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies, has acquired IGM Resins, a provider of intermediates to the global UV radiation cure coatings, inks and adhesives industry. UV technologies are used in numerous end markets, including printing, packaging, electronics and construction.
Founded in 1999 and headquartered in the Netherlands, IGM Resins is a global specialty chemical company and leading supplier of photoinitiators and acrylates to the worldwide UV curable coatings and inks markets. In 2010, the company acquired the Photomer® brand UV acrylates business from Cognis, which provided the business with a fully integrated product portfolio, including UV curable monomers, epoxy acrylates, polyester and polyether acrylates, and urethane acrylates. IGM Resins has offices and production facilities in Europe, the United States, South America and China
John Huiberts, CEO and founder of IGM Resins, will maintain a minority interest and remain active in the company.
The acquisition of IGM is the fourth acquisition by Arsenal Capital in 2012, following the investments in Fluoro-Seal Holdings, Plasticolors Inc. and Evonik’s Colorants business.