St Louis, Missouri – Accella Performance Materials announced the sale of its specialty assets to PolyOne Corporation in order to focus more closely on polyurethanes.
Accella, owned by New York-based private equity firm Arsenal Capital Partners, plans to sharpen its focus on polyurethane systems and recycled rubber products, it said in a statement. Ceo Andy Harris said the areas are “strategically related as complete system solutions for many of our target markets.”
John Televantos, a partner at Arsenal Capital Partners and co-head of the firm’s specialty industrials group, said the move combined the “best of each organisation in specialised areas.”
Acella’s polyurethanes segment produces sport surfaces, tire fill, specialty foams, binders, sealants and elastomers. The Valence Group acted as financial advisor and DLA Piper acted as legal advisor to Accella.