NEW YORK, NY – Arsenal Capital Partners, a New York-based private equity firm, agreed to buy Dash Multi-Corp., a manufacturer of formulated polyurethane, vinyl plastisol, specialty coatings and recycled rubber products.
Founded in 1973 by Marvin S. Wool, the St. Louis, MO-based Dash Multi-Corp. manufactures custom-formulated plastics and chemicals, coated fabrics and recycled rubber products. The company generates over $100 million in revenue. Concurrent with the acquisition by Arsenal Capital Partners, Dash’s coated fabrics operations will become a separate entity owned by Marlen Textiles Inc.
Dash’s two primary businesses operate from seven manufacturing facilities throughout the United States: MarChem, the plastics and chemicals business, develops and manufactures polyurethanes, vinyl plastisols, specialty coatings and adhesives.
The acquisition of Dash follows Arsenal’s specialty industrial investments in 2012 in IGM Resins, Plasticolors Inc., Evonik’s Colorants business and Fluoro-Seal Holdings. The firm’s current investments in the industrials sector include IGM Resins, a provider of intermediates to the global UV radiation cure coatings, inks and adhesives industry; Chromaflo Technologies, (combination of Plasticolors Inc. and Evonik’s Colorants business), a global pigment dispersion company; Fluoro-Seal Holdings, a provider of plastic barrier, adhesion and surface-enhancement products and services; Royal Adhesives & Sealants, a producer of adhesives, sealants and coatings. Previous investments in the sector include Genovique Specialties, IDQ Holdings, Novolyte Technologies, Sermatech International, Velsicol Chemical and Vertellus Specialties.