Arsenal Acquires Clifton Adhesives
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Arsenal Acquires Clifton Adhesives

Royal Adhesives & Sealants, a portfolio company of Arsenal Capital Partners, has announced that Royal will acquire substantially all of the assets of Clifton Adhesives, a provider of adhesives and coatings. “Clifton has a long history supplying adhesives to the demanding aircraft and marine markets. The acquisition of Clifton and merger with Royal represents another important milestone in our strategy to further build a leading adhesives, sealants and coatings business offering customized and proprietary solutions and is the third Royal acquisition in the last six months underscoring our determination to build a market leading adhesives, sealants and coatings business,” said Tim Zappala, a Partner at Arsenal Capital.

Clifton Adhesives is a supplier of thermoplastic (polyurethane) and elastomeric (polychloroprene) adhesives and coatings to the aerospace, military, recreational and commercial marine markets. The company’s products are used in the fabrication of inflatable structures. Clifton Adhesives is based in Wayne, NJ (www.cliftonadhesive.com).

“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. “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.”

Royal Adhesives & Sealants is a producer of proprietary, high-performance adhesives, sealants, coatings and polymers. Royal offers a range of specialty formulated products designed to solve complex bonding, laminating and sealing supplications across a range of markets, including aerospace and defense, construction, specialty packaging, automotive and industrial. The company is based in South Bend, IN (www.royaladhesives.com).

Arsenal Capital acquired Royal in 2010 and since grown the company organically and through targeted acquisitions. Shortly after completing the purchase by Arsenal Capital, Royal acquired Para-Chem, a provider of specialty adhesives, coatings and polymers. In November 2011, Royal acquired Craig Adhesives a supplier of ultraviolet light cured adhesives and coatings and in April 2012 added Extreme Adhesives, a supplier of reactive assembly adhesives.

“We are building the Royal adhesives business in part by selectively identifying niche acquisitions in this specialty 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,” said John Televantos, a Partner at Arsenal Capital.

Arsenal Capital Partners makes investments in middle-market specialty industrial, healthcare and financial services companies with $50 million to $400 million in enterprise value. The firm invests in niche industry sectors where it has prior experience and where its operating resources can help facilitate incremental growth and margin improvement. Industries of specific interest include: specialty & fine chemicals; segments of healthcare; transportation and logistics; power generation; aerospace & defense; process industry components and services; and financial services. Arsenal currently has $800 million of committed equity capital and is based in New York, NY (www.arsenalcapital.com).


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