Arsenal’s Meridian Keeps Growing

Arsenal’s Meridian Keeps Growing

Meridian Adhesives Group, a portfolio company of Arsenal Capital Partners, has acquired sister companies PolyCom Industries and Eco Dispersions.

PolyCom and Eco Dispersions (together PolyCom), both based in Dalton, GA, are makers of adhesives and coatings used primarily in the manufacturing of flooring composites.

“Polycom is an innovator in adhesives technologies that address the evolving environmental trends in using reclaimed materials,” said Roy Seroussi, an investment partner at Arsenal. “We look forward to partnering with Polycom’s employees to support their growth opportunities.”

The buy of Polycom is Meridian’s fifth acquisition. Arsenal formed Meridian in May 2018 as a new platform to acquire adhesives and sealants companies with a specific interest in high-value adhesives technologies. The first acquisition of Meridian was the buy of Pompano Beach, FL-based Adhesives Technology Corporation, a manufacturer of specialty adhesives for the infrastructure and construction industries (

Other add-on acquisitions quickly followed including Billerica, MA-based Epoxy Technology, a manufacturer of high-performance specialty epoxy, ultraviolet, and hybrid adhesives (, in June 2018; Dalton, GA-based W.F. Taylor, a manufacturer and marketer of flooring adhesives (, in September 2018; and Rancho Cucamonga, CA-based Evans Adhesive, a manufacturer of industrial adhesives (, in December 2018.

As a result of these acquisitions, Meridian is now a manufacturer of adhesives and sealants including high-performance specialty epoxy, polyurethane, hot melt and hybrid adhesives for the electronics, medical, flooring and infrastructure markets. The company, led by CEO Dan Pelton, has operations in Dalton, GA; Fontana, CA; Billerica, MA; Pompano Beach, FL; and Columbus, OH (

Arsenal invests in middle-market specialty industrial and healthcare companies that have from $100 million to $500 million in enterprise value. The firm has offices in New York and Shanghai (

© 2019 Private Equity Professional | July 2, 2019

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