Royal Adhesives & Sealants Buys Chemque
SOUTH BEND, IN - Royal Adhesives & Sealants LLC (Royal), a portfolio company of Arsenal Capital Partners (Arsenal), announced that its subsidiary Royal Adhesives & Sealants Canada LTD will acquire substantially all of the assets of Chemque, Royal’s seventh add-on acquisition since 2010.
Toronto-based Chemque is a major supplier of polyurethane foams and adhesives to the telecom, flooring and construction markets. The acquisition builds on Royal’s platform of adhesive, sealant and coating solutions.
“We continue to identify leading niche companies that will enhance our product offerings to the markets in which we have chosen to compete. The addition of Chemque will broaden our technical capability for polyurethane adhesives, potting compounds and foams,” said Ted Clark, Chief Executive Officer of Royal. “Chemque’s polyurethane adhesives and foams will add to our growing portfolio of leading adhesives and sealants technologies, and we look forward to working with the Chemque team to successfully integrate the Chemque business into Royal.”