New York — Arsenal Capital Partners has signed a definitive agreement to sell US specialty polyurethanes company Accella Performance Materials to Carlisle for $670 m.
Accella is headquartered in Maryland Heights, Missouri, has sales of around $430 m and operates 10 facilities and seven R&D laboratories in the US, Germany, and China.
Roy Seroussi, a Principal at Arsenal, said, 'Since our initial investment in 2012, Accella’s revenue and EBITDA increased by 7x and 8x, respectively, through a focused organic growth strategy and nine strategic acquisitions. The company has become a market leader in several rapidly growing end markets, such as spray foam insulation, as well as roofing solutions and polyurethane truck bed liners.'