ALBANY, Ga.—Polymer Solutions Group has acquired Sasco Chemical Group Inc. for an undisclosed amount to expand its specialty rubber additives business.
Sasco is a producer of specialty chemicals for the rubber, wood, consumer and medical industries. The Albany-headquartered company is a leading producer of rubber anti-tack agents in North America with its PolyCoat, TechKote and Sasco Cote product lines, a spokesman said.
In addition to its production plant in Albany, Sasco operates a research and development center in Macon, Ga. The company produces more that 1,200 products and distributes them globally.
A business unit within Arsenal Capital Partners' Specialties Group, PSG bought Sasco because it “builds on PSG's model of addressing unmet market needs through the development of differentiated technologies and services to solve customer needs,” according to Sal Gagliardo, an operating partner of Arsenal's Specialty Industrials Group.