DETROIT—A group led by Gladstone Investment Corp. and Akoya Capital Partners has purchased Edge Adhesives from Superior Capital Partners for an undisclosed amount.
Headquartered in Fort Worth, Texas, Edge manufactures rubber-based adhesive sealing products with capabilities in butyl and block copolymer technologies. Its products include butyl tape gaskets, pumpable cartridge sealants, hot melt applied gaskets and pressure sensitive adhesive tapes.
It operates production facilities in Fort Worth; Elkhart, Ind.; and Grove City, Ohio.
Edge also has a strong foundation in MS polymer sealants as well as water- and solvent-borne sealants and coatings, Detroit-based Superior said.
The company was acquired by Superior in 2010 when Edge was an underperforming, according to Scott Hauncher, a managing director at Superior. CEO Dave Burger was brought on board and expanded by completing multiple acquisitions, and Edge re-established itself as a leader in the industry, he said.
Since the acquisition by Superior, he said, Edge has more than doubled its revenue in its base business.