20 December 2012 13:27 [Source: ICIS news]
LONDON (ICIS)--Arsenal Capital Partners has entered into an agreement to acquire US formulated polyurethane, vinyl plastisol and specialty coatings manufacturer Dash Multi-Corp, the New York-based private equity firm said on Thursday.
Dash also manages one of the largest tyre recyclers in the US. Financial details of the acquisition, expected to close by the end of December 2012, were not disclosed.
The acquisition of Dash represents the fifth acquisition by Arsenal’s Specialty Industrials Group in 2012.
“Our team sees Dash as a great platform to grow in existing and new markets and the company is well positioned to support its customers to grow with leading technology, quality and service,” said John Televantos, a partner at Arsenal Capital Partners and co-head of the firm’s Specialty Industrials Group.
Tim Zappala, also a partner at Arsenal Capital Partners and a co-head of the firm’s Specialty Industrials Group, said: “Dash operates in several exciting sectors and our plan is to invest in the business and identify strategic acquisitions to expand its core capabilities and provide more solutions to customers.”
Concurrent with the acquisition by Arsenal Capital Partners, Dash’s coated fabrics operations will become a separate entity owned by Marlen Textiles.
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