Royal Adhesives & Sealants, a portfolio company of American Securities, has acquired the assets of the Ball Ground aircraft sealant repackaging business (BGAS) from Graco Supply.
BGAS provides point-of-use pre-mixed and frozen aircraft sealants and other packaging and application kits to aircraft manufacturers and their subcontractors. The BGAS business will be integrated into and operate under the name Royal Adhesives & Sealants and will continue to be located 50 miles north of Atlanta in Ball Ground, GA.
BGAS packages two component aircraft sealants into pre-mixed and frozen cartridges. The pre-mixed and frozen packaging process includes blending two-component aircraft sealants, degassing them to remove entrapped air and then freezing the sealant in a disposable syringe or cartridge. These containers are then packed in dry ice and shipped directly to the customer’s facility where they are stored in a freezer at -40°F. BGAS operates an ISO 9001: 2008, AS9100C and NADCAP registered facility.
For several decades, pre-mixed and frozen polysulfide based aircraft sealants have been the standard for the sealing of aircraft fuselage and fuel tanks due to their inherent nature for excellent fuel and fluid resistance. As the industry evolved, further product demands grew to include corrosion inhibiting characteristics, faster cure, and lower weight of the products placed on aircraft.
The buy of BGAS adds to Royal’s global aircraft sealant business and provides service and support to its aircraft customers by providing local service, technical support, point-of-use packaging and just-in-time logistics. “The acquisition of BGAS is a logical step in our strategy to develop a global aircraft sealant business. Graco Supply, who has been our distributor/partner since we entered the aircraft sealant business over ten years ago, has been instrumental in supporting the development of our sealant business,” said Ted Clark, Chief Executive Officer of Royal.
Royal Adhesives & Sealants 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).
Royal has been a portfolio company of American Securities since June 2015 when the company was acquired from Arsenal Capital Partners.
American Securities invests in businesses with $200 million to $2 billion of revenue and $50 million to $200 million of EBITDA. Sectors of interest include industrial manufacturing, specialty chemicals, aerospace and defense, energy, business services, healthcare, media, restaurants, and consumer products. The firm has more than $15 billion of capital under management and has offices in New York and Shanghai (www.american-securities.com).
© 2017 Private Equity Professional | June 7, 2017