Private equity firm Arsenal Capital Partners is to acquire Dash Multi-Corp, a manufacturer of formulated polyurethane, vinyl plastisol, specialty coatings and recycled rubber products.
The acquisition of Dash represents the fifth acquisition by Arsenal’s specialty industrials group in 2012, as well as another example of the firm’s acquiring a company from its founder.
Founded in 1973 by Marvin S Wool, the St Louis-based company manufactures custom formulated plastics and chemicals, coated fabrics, and recycled rubber products and generates over USD100m in revenue. Concurrent with the acquisition by Arsenal Capital Partners, Dash’s coated fabrics operations will become a separate entity owned by Marlen Textiles.
"Over the past 40 years, Marvin Wool has built a great company with an excellent reputation that is highly respected by its customers across a variety of end markets. Our team sees Dash as a great platform to grow in existing and new markets and the company is well positioned to support its customers to grow with leading technology, quality and service. We are excited to partner with management and help accelerate the development of the company going forward," says John Televantos (pictured), a partner at Arsenal Capital Partners and co-head of the firm’s specialty industrials group.
"We considered a number of potential buyers for the business and selected Arsenal Capital Partners as the right partner to help the company grow to its full potential. Their knowledge and commitment to the chemical industry and their interest and ability to enable us to grow our business in existing and new markets distinguished them among potential buyers," says Wool.
