Arsenal Capital-owned PU producer acquires two US companies

06 May 2014 16:10 Source:ICIS News

LONDON (ICIS)--Accella Performance Materials, a  private equity-owned producer of polyurethanes, plastisols and recycled rubber, has acquired a producer of ethylene-propylene-diene monomer (EPDM) and a rulled rubber products manufacturer, the US-based company said on Tuesday.

The two businesses will form a new company, known as Ultimate RB, the company added. Formerly known as Dash Multi-Corp, Accella was acquired by Arsenal Capital Partners in late 2012 as a platform for purchases in the PU, vinyls and coatings sectors.

Financial details of the latest purchases were not disclosed.

The two companies being acquired are RTH Processing, a producer of EPDM granules used in playground surfacing and running tracks, and RDT Manufacturing, a manufacturer of rolled rubber products including flooring, acoustic underlay, and containment matting. Both companies operate out of a single manufacturing facility in Delphos, Ohio.

With the combination of RTH Processing, RDT Manufacturing and Accella’s RB Rubber, we are now the only manufacturer in the world that offers complete “custom” systems encompassing all of the components of playground surfacing and running tracks,” said Accella CEO Andy Harris.

The acquisitions of RTH and RDT follow the purchase of PU producer Arnco as a bolt-on acquisition for Accella in May 2013.

By Tom Brown