NEW YORK—Meridian Adhesives Group has acquired W.F. Taylor L.L.C. from Dominus Capital L.P.
Financial details of the deal were not disclosed. Meridian was formed earlier in 2018 as Arsenal Capital Partners' adhesives and sealants platform company, focusing on high-value adhesives technologies.
"Consistent with our strategy to build Meridian with technology leaders, Taylor has become a category leader delivering new technologies and product innovations to the flooring adhesives market for decades," Roy Seroussi, an investment partner at Arsenal, said in a statement.
Taylor represents the third acquisition for Meridian in 2018. In May, the firm had completed the acquisitions of Epoxy Technology Corp. and Adhesives Technology Corp. Arsenal said in a news release that the addition of Taylor adds specialty flooring adhesives to Meridian's portfolio, which currently includes high-performance specialty epoxy, polyurethane and hybrid adhesives for the electronics, medical, construction and infrastructure markets.
Arsenal said it brings significant experience in the global adhesives and sealants market, which it forecast to be worth about $60 billion. The firm had previously built Royal Adhesives and Sealants through nine strategic acquisitions.
"We welcome the Taylor team to Meridian and look forward to supporting Taylor's continued growth into new markets and applications," Meridian Chairman Don Nolan said in a statement. "We are also delighted to have Taylor CEO Dan Pelton join us as the CEO of Meridian."