NEW YORK-Private equity firm Arsenal Capital Partners has completed its acquisition of ADCO Global Inc., a middle-market specialty sealant, tape and adhesives producer.
It is the third purchase Arsenal has made in a two-month span of a company that produces elastomer products or materials.
ADCO has been merged into Arsenal's Adhesives L.L.C. business unit. The acquired company serves the construction, transportation and industrial markets globally and has subsidiaries-ADCO Products Inc. and Kommerling Chemiche Fabrik GmbH-in North America, Europe, Africa and Asia.
ADCO, which uses a variety of elastomers such as polyurethane and silicone in its products, produces products for a wide range of applications, including automotive, glass windows, commercial roofing, trucks, marine and general construction.