SOUTH BEND, Ind.—The sale of Royal Adhesives and Sealants L.L.C. to American Securities L.L.C. has been finalized.
Private equity firm Arsenal Capital Partners sold the producer of adhesives, sealants and urethanes for an undisclosed amount.
Arsenal acquired Royal in late 2010 and concurrently combined it with Para-Chem Southern. The company then completed eight strategic acquisitions, including ADCO Global, Inc., a leading global provider of specialty sealants, tapes and adhesives, according to a company spokesman.
The successful execution of Royal's strategy created a top ten global supplier of adhesives and sealants with sales in excess of $600 million annually, he said.