Chemical Innovations Ltd. (CIL) is a developer and manufacturer of high performance rubber to metal, rubber to plastic, rubber to fabric and rubber to glass bonding adhesives for high performance automotive and industrial applications, including anti-vibration, hoses and belting and friction products. CIL sells its products in over 50 countries through a network of over 40 distributors. The company is based northeast of Liverpool in Preston, UK (www.cilbond.com).
“We are excited to acquire a leader in a technology that complements and adds to our already broad line of adhesives and sealants,” said Ted Clark, Chief Executive Officer of Royal. “CIL, like Royal, works closely with customers to provide adhesives solutions that enhance and add value to our customer’s products. We can help develop the global market though our global team of adhesives and sealants application professionals.”
Royal Adhesives and Sealants, acquired by Arsenal in November 2010, is a producer of proprietary, high-performance adhesives and sealants and other formulated products used in aerospace and defense, construction, personal care, graphic arts, specialty packaging, automotive and industrial applications. The company is headquartered in South Bend, IN (www.royaladhesives.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).
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-2-15