24 September 2012 18:30 [Source: ICIS news]
HOUSTON (ICIS)--Arsenal Capital Partners has acquired Netherlands-headquartered IGM Resins, a provider of intermediates to the global ultraviolet radiation cure coatings, inks and adhesives industry, the US-based private equity firm said on Monday.
The move, which was completed Friday, would allow Arsenal to tap into the “highly attractive UV cure end markets,” said John Televantos, a partner at New York-based Arsenal.
Arsenal did not divulge the acquisition cost. Arsenal spokesman Chris Tofalli said the revenues would be more than $150m (€116m).
IGM Resins has offices and production facilities in Europe, the US, South America and China.
The company is Arsenal Capital’s fourth acquisition this year, following investments in Fluoro-Seal Holdings, Plasticolors and Evonik’s Colorants.
($1 = €0.77)
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