South Bend, Indiana -- Royal Adhesives & Sealants, owned by Arsenal Capital Partners, is to acquire Clifton Adhesives, a major supplier to the aerospace, military, recreational and commercial marine market.
Clifton specialises in adhesives and coatings using thermoplastic polyurethane and elastomers (polychloroprene) for fabricating inflatable structures.
The acquisition, the third by Royal in the last six months, builds on Royal's strong platform of leading adhesives, sealants and coatings solutions, the company said.
"We continue to identify leading niche companies that will enhance our product offerings to the markets in which we have chosen to compete. The addition of Clifton will broaden our customer base in the aircraft and marine markets," said Ted Clark, chief executive officer of Royal, in a company statement.
"Clifton's elastomeric adhesives will add to our growing portfolio of leading adhesives and sealants technologies and we look forward to working with the Clifton team to successfully integrate the Clifton business into Royal."
Clifton ceo Bob Lefelar said: "The time is now right for Clifton to be part of a larger organisation with the same operating philosophy and where we have a great market fit."
John Televantos, a Partner at Arsenal Capital, said, "We are building the Royal adhesives business in part by selectively identifying niche acquisitions in this speciality sub-sector where we can apply our deep industry knowledge to achieve enhanced growth. We are well on our way to building a strong company that will itself become a leading competitor on a global scale."
Royal bought Craig Adhesives, a supplier of UV-cured adhesives and coatings, in November 2011, followed in April 2012 by the addition of Extreme Adhesives, a supplier of reactive assembly adhesives.