Arsenal Capital Partners has acquired Pacific Urethanes, a developer and producer of specialty polyurethane foam materials.
“Pacific Urethanes is the first investment in our strategy to build a specialty foam solutions and technologies platform,” said John Televantos, a partner at Arsenal and co-head of the firm’s specialty industrials group. “Arsenal will make additional investments in Pacific Urethanes and add on more businesses in the near term.”
Pacific Urethanes develops and commercializes polyurethane foam products that are used in the specialty bedding, furniture, packaging and recreational markets. The company is headquartered east of Los Angeles in Ontario, CA (www.pacurethanes.com).
“Pacific Urethanes has developed a unique market position by providing highly technical foams to a variety of end markets, keenly focused on addressing customers’ needs,” said Timothy Zappala, a partner at Arsenal and co-head of the firm’s specialty industrials group. “We have studied this market extensively and believe that Pacific Urethanes has a differentiated model that we can further leverage as part of a broader platform.”
Pacific Urethanes is led by its president Darrell Nance. “We look forward to the partnership with Arsenal. They have made a number of investments in the polyurethane sector over the years and have strong expertise in the foam market.”
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 and fine chemicals; segments of healthcare; transportation and logistics; power generation; aerospace and 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).
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 3-18-16