Dash Multi-Corp., a portfolio company of Arsenal Capital Partners and a provider of polyurethane systems, vinyl plastisols and recycled rubber products, has acquired Arnco, a supplier of polyurethane products. Arnco is the first add-on acquisition for Dash Multi-Corp. which was acquired by Arsenal in December 2012.
Arnco is a supplier of polyurethane products and operates through five main business units: (1) Arnco Tire Flatproofing, a manufacturer of tire flatproofing systems (flatproofing is the process of pumping liquid polyurethane into a tire through the valve system replacing the air in any pneumatic tire); (2) Arnco Performance Polymers, a manufacturer of high-performance polyurethane systems; (3) Carefree Tire, a supplier of light weight, solid, micro-cellular polyurethane tires; (4) Arnco Construction Products, a provider of flexible and rigid roofing spray foams and UV protective coatings; and (5) Arnco Europe, based in Manchester, UK, provides manufacturing and customer support internationally for Arnco. Arnco was founded in 1971 and is headquartered in South Gate, CA. The company has manufacturing capabilities in South Gate, CA; Berea, OH; Manchester, UK; and Jiaxing City, China (www.arnconet.com).
“Arnco is the global market innovator in the tire flatproofing systems market and is the first acquisition of several we expect to make globally to extend the reach of Dash,” said Tim Zappala, a Partner at Arsenal Capital Partners and co-head of the firm’s Specialty Industrials Group.
Dash Multi-Corp is a manufacturer of formulated polyurethane, vinyl plastisol, specialty coatings as well as recycled rubber products. Dash is headquartered in St. Louis and has seven production facilities in the U.S. (www.dashmulticorp.com).
“Arnco has a long history of innovation in the polyurethane market, providing great solutions and service to its customers. The combination of Dash and Arnco represents an important milestone in our strategy to further build a leading polyurethane business offering a broad portfolio of products and technologies that serve multiple end markets,” said John Televantos, a Partner at Arsenal Capital Partners and co-head of the firm’s Specialty Industrials Group.
Arsenal Capital Partners invests in middle-market specialty industrial and healthcare companies that have $50 million to $250 million in enterprise value. Industries of specific interest include: specialty & fine chemicals; segments of healthcare; transportation and logistics; power generation; aerospace & defense; and process industry components and services. Arsenal Capital Partners recently completed fundraising for Arsenal Capital Fund III with $875 million of committed capital, exceeding its target of $750 million. The firm’s previous fund, Arsenal Capital Partners II, was raised in 2006 with $500 million of committed capital. Arsenal now has over $1.6 billion of committed capital under management. The firm was founded in 2000 and has offices in New York and Shanghai (www.arsenalcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-1-13