June 19, 2015
American Securities Completes Acquisition of Royal Adhesives and Sealants
American Securities LLC, a leading U.S. private equity firm, today announced its acquisition of Royal Adhesives and Sealants, LLC in partnership with the Company’s management team. Royal is a leading producer of proprietary, high-performance adhesives and sealants. The Company was majority owned by Arsenal Capital Partners. Financial terms of the transaction were not disclosed.
Headquartered in South Bend, Indiana, Royal offers a broad range of specialty formulated products designed to solve complex bonding, laminating and sealing applications across a diverse range of markets, including aerospace and defense, construction, specialty packaging, automotive, and industrial. The Company utilizes a variety of chemistries to offer customized epoxy, solvent-based, and water-based products to meet the most demanding adhesive and sealant applications.
Ted Clark, President and CEO of Royal Adhesives & Sealants, said, “We are excited to partner with American Securities because they are ideally positioned to support our next phase of growth and development. American Securities has significant experience in the specialty chemical sector and a broad and experienced team upon which we can draw. We look forward to working with them as we continue to focus on providing adhesive and sealant application solutions that create value for our global customers.”
Scott M. Wolff, Managing Director at American Securities, commented, “We believe that the Company’s commitment to product innovation, combined with its experienced and customer-focused management team, positions Royal for a strong future. We look forward to bringing our resources to bear to support Ted and his team for Royal’s continued success.”
Weil, Gotshal & Manges LLP served as legal counsel to American Securities, and DLA Piper LLP served as legal counsel to Arsenal and Royal with respect to the transaction. KeyBanc Capital Markets acted as financial advisor to American Securities, and Credit Suisse Securities (USA) LLC and The Valence Group acted as financial advisors to Royal with respect to the transaction.
