South Bend, Indiana -- Royal Adhesives & Sealants (Royal) is to acquire Extreme Adhesives, based in Raymond, New Hampshire. Extreme Adhesives supplies methyl methacrylate, anaerobic and cyanoacrylate adhesives to the assembly, maintenance and repair, and architectural and building markets.
The acquisition builds on Royal's strong platform of leading adhesives, sealants and coatings, including polyurethane-based types, said Royal, in a 30 April announcement.
The company said the deal allows clients of both companies access to "an expanded range of customised and proprietary solutions."
Ted Clark, chief executive officer of Royal, said, "As a leading producer of high-performance adhesives, sealants and coatings, we look forward to working with the Extreme team to advance our combined product portfolio and expand our presence in the assembly, maintenance and repair markets."
Timothy Zappala, a Partner at Arsenal Capital, owner of Royal, commented that "Extreme has a long history of innovative service, application methods and product performance in the fast growing assembly, maintenance and repair, and architectural markets and combined with Royal we will expand the sales of their innovative products both nationally and internationally."
Extreme Adhesives' partners Jim Yeames and Dave Galpin said that after 25 years building the company, they were glad to have found a new owner committed to investing in the business.
Yeames and Galpin will continue with the company during the transition and then become consultants to Royal.
Arsenal Capital acquired Royal Adhesives & Sealants in 2010 and since then has worked with management to grow the company organically and through targeted acquisitions. Royal acquired Para-Chem, a leading provider of specialty adhesives, coatings and polymers, in 2010, and in 2011 acquired Craig Adhesives, a supplier of UV-cured adhesives and coatings.
Royal Adhesives & Sealants makes proprietary, high-performance adhesives, sealants, coatings and polymers, headquartered in South Bend, Indiana. The company's products include customised thermosetting epoxy and urethane in solvent-based and water-based technologies.