New York-based private equity firm, Arsenal Capital has acquired Para-Chem Southern, a provider of specialty adhesives, coatings and polymers.
Under the proposal, Para-Chem will be merged with Arsenal’s platform investment, Royal Adhesives and Sealants.
Para-Chem offers specialty adhesives, coatings, polymers, surfactants and thickeners, across a diverse range of markets.
The markets include carpeting, personal care, household, institutional and industrial, graphic arts, construction, specialty textiles, paper, packaging, and military.
The company specialises in custom formulations offering flexible production, applications development, technical support and service.
Arsenal Capital partner John Televantos said the merger represents an important milestone in its strategy to further build a leading adhesives, sealants and coatings business offering customised and proprietary solutions.
Para-Chem COO and now Royal Adhesives president Bill Ward said its technical capabilities will enhance Royal’s customized product offerings and together, this positions the newly combined company to better address customer demands for flexible, high performance and quality products.