New York, New York — Arsenal Capital Partners has made three more polyurethane foam acquisitions and will combine them into a single business.
The most recent acquisitions made by Arsenal are:
• A majority stake in Elite Foam of Newnan, Georgia
• The foam production assets of Hickory Springs of Conover, North Carolina.
Arsenal officials announced the recent moves in a March 28 news release. No purchase prices were disclosed. Arsenal now has made 19 plastics-related acquisitions since 2012.
Earlier in March, Arsenal’s Accella Performance Materials unit bought the spray foam division of Quadrant Urethane technologies of Dallas, Texas.