American Securities to Acquire Royal Adhesives and Sealants from Arsenal Capital Partners
NEW YORK -- American Securities LLC and Arsenal Capital Partners announced that American Securities has partnered with management and signed a definitive agreement to acquire Royal Adhesives and Sealants, LLC ("Royal" or the "Company") a leading producer of proprietary, high-performance adhesives and sealants, from Arsenal Capital Partners. The transaction is expected to close in June of 2015 and is subject to customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.Headquartered in South Bend, Indiana, Royal offers a broad range of specialty formulated products designed to solve complex bonding, laminating and sealing applications across a diverse range of markets, including aerospace and defense, construction, specialty packaging, automotive, and industrial. The Company utilizes a variety of chemistries to offer customized epoxy, solvent-based, and water-based products to meet the most demanding adhesive and sealant applications.Ted Clark, President and CEO of Royal Adhesives & Sealants, said, "We are excited to partner with American Securities because they are ideally positioned to support our next phase of growth and development. American Securities has significant experience in the specialty chemical sector and a broad and experienced team upon which we can draw. We look forward to working with them as we continue to focus on providing adhesive and sealant application solutions that create value for our global customers."Scott M. Wolff, Managing Director at American Securities, commented, "We believe that the Companys commitment to product innovation, combined with its experienced and customer-focused management team, positions Royal for a strong future. We look forward to bringing our resources to bear to support Ted and his team for Royals continued success."
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