New York, New York – Arsenal Capital Partners' company Meridian Adhesives has bought PU adhesives company WF Taylor.
This is Meridian's second purchase in recent months and the third in a series, which included Adhesives Technology in June 2018.
In May 2018, Meridian bought Epoxy Technology and Adhesives Technology Corporation. By buying Taylor, Meridian adds high-performance epoxy, polyurethane, and hybrid adhesives to its portfolio. Electronics, medical, construction, and infrastructure sectors use Taylor adhesives.
Roy Seroussi is an investment partner at Arsenal. He said the purchase is 'consistent with our strategy to build Meridian with technology leaders.' And Don Nolan, Meridian’s chairman said: he welcomed 'the Taylor team to Meridian and looked forward to supporting Taylor’s continued growth.' Meanwhile, Dan Pelton, Taylor’s CEO, joins Meridian with the purchase as its CEO.
However, this is not Arsenal's first foray into adhesives and sealants. It built Royal Adhesives and Sealants through nine strategic acquisitions over a period of several years. This transformed the company into a top-ten global supplier of adhesives and sealants.
The Royal Adhesives business was sold to American Securities in 2015.
John Televantos, senior partner at Arsenal Capital Partners recently joined the UTECH Hall of Fame in an event held at UTECH North America 2018.