NEW YORK (Dec. 15, 2010)—Arsenal Capital Partners has acquired Para-Chem Southern, a provider of specialty adhesives, coatings and polymers.
Para-Chem will be merged with Arsenal's platform investment, Royal Adhesives and Sealants L.L.C. announced two weeks ago.
Simpsonville, S.C.-headquartered Para-Chem offers specialty adhesives, coatings, polymers, surfactants and thickeners, across a diverse range of markets in North America including carpeting, personal care, household, institutional and industrial, graphic arts, construction, specialty textiles, paper, packaging, and military.
The company specializes in custom formulations offering flexible production, applications development, technical support and excellent service.
John Televantos, a partner at Arsenal Capital said the acquisition of Para-Chem and merger with Royal will help further build a leading adhesives, sealants and coatings business offering customized and proprietary solutions.
Arsenal executives, John Televantos, Tim Zappala, and Sal Guccione, will serve on the Board of Directors of Royal.
Arsenal acquired Royal Adhesives Nov. 29, its sixth investment in 2010, to create an adhesives sealants and coatings platform, and this transaction represents Arsenal's continued strong focus in the specialty industrials sector.