Arsenal Acquires RTH Processing and RDT Manufacturing
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Arsenal Acquires RTH Processing and RDT Manufacturing

RTH US NF1Arsenal Capital Partners’ portfolio company Accella Performance Materials (rebranded from Dash Multi-Corp) has acquired RTH Processing and RDT Manufacturing.  The acquired companies will be owned by Ultimate RB, a new wholly owned subsidiary of Accella Performance Materials.

televantos nf1“RTH Processing and RDT Manufacturing have a long history of innovation in the custom colored EPDM and recycled rubber market that fits very well with Accella’s history and culture.  The custom color compounding technology continues to evolve and address unmet needs in the market.  As we expand the Accella recycled rubber and polyurethane systems businesses, this will help support our customers in their growth,” said John Televantos, a Partner at Arsenal Capital Partners and co-head of the firm’s Specialty Industrials Group.

RTH Processing is the largest US manufacturer of colored EPDM (ethylene propylene diene monomer rubber – a type of synthetic rubber) rubber granules.  These products are used in poured-in-place playground surfacing, running tracks, athletic flooring and custom molded products.  The granules are available in a variety of standard colors and the company also develops custom colors.  RTH Processing was founded in 1989 and operates out of a single manufacturing facility – that it shares with RDT Manufacturing – in Delphos, OH (www.rthprocessing.com).

RDT Manufacturing (DBA Ultimate Systems) produces rolled rubber products and tiles made from recycled materials.  Specific products include athletic flooring for use in fitness centers and commercial flooring for use in schools, offices, retail and healthcare facilities.  The company also manufactures acoustical underlayment, load containment matting and molded interlocking pavers. RDT was founded in 2000 and operates out of a single manufacturing facility – that it shares with RTH Processing – in Delphos, OH (www.ultimatesystemsltd.com).

“RTH Processing and RDT Manufacturing represent ideal additions to the Accella Performance Materials platform,” said Accella CEO, Andy Harris. “In addition to bringing expanded capabilities and colored EPDM technology to our recycled rubber products business, they will allow for tremendous cross-selling opportunities with our polyurethane business in the athletic surfacing market.  With the combination of RTH Processing, RDT Manufacturing and Accella’s RB Rubber, we are now the only manufacturer in the world that offers complete “custom” systems encompassing all of the components of playground surfacing and running tracks.”

Accella is a manufacturer of custom formulated polyurethane systems, specialty vinyl plastisols and recycled rubber products.  The polyurethane business is focused on tire-fill, foams, adhesives, sealants and elastomers.  Primary end-use products for plastisols include caps and closures, adhesives and carpet/rug backings.  The recycled rubber products business manufactures recycled tire crumb, equine matting, athletic flooring, playground surfacing and custom molded products.  The company has ten production facilities across the United States, one in the UK and one in China.  Accella is headquartered in St. Louis (www.accellacorp.com).

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 has $1.7 billion of committed capital under management. The firm was founded in 2000 and has offices in New York and Shanghai (www.arsenalcapital.com).

© 2014 PEPD • Private Equity’s Leading News Magazine • 5-7-14

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