US private equity firm Arsenal acquires specialty group Para-Chem

13 December 2010 20:57  [Source: ICIS news]

HOUSTON (ICIS)--US private equity firm Arsenal Capital Partners acquired Para-Chem Southern for an undisclosed sum, it said on Monday.

Para-Chem, based in Simpsonville, South Carolina, offers specialty adhesives, coatings, polymers, surfactants and thickeners for several North American markets including carpeting, personal care, household, industrial, construction, paper and packaging, Arsenal said.

Para-Chem specialises in custom formulations offering flexible production, applications development, technical support and service, Arsenal said.

Para-Chem would be merged with Royal Adhesives & Sealants, which Arsenal acquired two weeks ago, it said.

“The acquisition of Para-Chem strengthens Royal’s technical expertise and approach of providing customers with specialty formulated products,” said Royal chief executive Ted Clark.

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By: Ben DuBose
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