26 September 2012 21:43 [Source: ICIS news]
HOUSTON (ICIS)--Arsenal Capital Partners will build a technology centre in North Carolina and expand its ultraviolet resin production capacity in the Americas as a result of its acquisition of Netherlands-based IGM Resins, the US-based company said on Tuesday.
Arsenal wants to enhance its photo initiator and UV resin application technology and will add commercial and technical personnel in several regions, primarily the Americas and Asia, said Tim Zappala, a partner with the company.
IGM Resins produces formulated materials for the coatings, adhesives and ink markets, and the demand for this technology is growing rapidly because the market trends, Zappala said.
The light-cured formulations are solvent free and releases few emissions, making them environmentally friendly, he said.
They are also energy efficient and have rapid curing speed, which is required for applications like fibre-optic cable, smart phone exterior clear coats, electronic part coatings, clear packaging protective coatings, ticket laminating adhesives/coatings and auto parts protective coatings, Zappala said.
IGM Resins has offices and production facilities in Europe, the US, South America and China.
The business does not produce any commodities but does annually consume millions of pounds of acrylic, epoxy and urethane monomers and polymers as raw materials.
IGM Resins is Arsenal Capital’s fourth acquisition this year, following investments in Fluoro-Seal Holdings, Plasticolors and Evonik’s colourants business.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections