Accella a St. Louis, Mo.-headquartered manufacturer of custom polyurethane, specialty vinyl plastisols and recycled rubber products, bought Zeus because it enhances the firm's global tire fill offerings and creates new growth opportunities, company officials said.
Zeus is a leading manufacturer of tire fill systems and flatproofing products for heavy duty industrial and off-the-road vehicles in Europe, South Africa and Australia. Based in Dortmund, Germany, the company has extensive polyurethane manufacturing capabilities, a spokesman said.
The acquisition “represents a key next step in the strategic growth of our global polyurethane systems business, and especially with our focus on providing our customers in the tire fill segments the greatest value through the best technology, service and convenient global locations,” Accella CEO Andy Harris said.
It will become a subsidiary of Accella Polyurethane Systems and will continue to operate out of its Dortmund plant. Martin Roesler, former owner of Zeus, will remain with the business as managing director.
Originally called Dash Multi-Corp., Accella was acquired by Arsenal Capital in December 2012. It has been growing since.
With the purchase of Zeus, its tire fill business—which now consists of subsidiaries Arnco, Pathway Performance Polymers and Zeus—and the firm's polyurethanes platform will be strengthened, according to John Televantos, a partner at New York-headquartered Arsenal Capital.
Accella's revenues have increased to $300 million in the last two years, he said, and “we are committed to the support and growth of Accella and will continue to invest in strategic opportunities that will further transform the business.”
Roesler Tyre Innovators has owned and operated Zeus since 1983. Zeus has a long history of proven products, innovation and a positive reputation that fit well within Accella's culture, said Roy Seroussi, a principal at Arsenal Capital.
Accella, which changed its name from Dash Multi-Corp. May 7, has made numerous acquisitions since it came under Arsenal's umbrella almost four years ago. Earlier this year, it purchased RDT Manufacturing L.L.C. and RTH Processing Inc., two related businesses in Delphos, Ohio.
RDT makes rolled rubber products, including athletic and commercial flooring, acoustical underlayment and load containment mating.
RTH produces colored EPDM granules used in playground surfacing, running tracks and other rubber goods.