Arsenal Capital Partners has acquired Arnco, a supplier of polyurethane products.
Arnco is the first acquisition of Arsenal under the umbrella of Dash Multi-Corp, a platform portfolio company focusing on the specialty technologies of polyurethane systems, vinyl plastisols and recycled rubber products.
Established in 1971, Arnco operates through five main business units: Arnco Tire Flatproofing, a manufacturer of tyre flatproofing systems; Arnco Performance Polymers, a manufacturer of high-performance polyurethane systems; Carefree Tire, supplier of an extensive line of light weight solid, micro-cellular polyurethane tires; Arnco Construction Products, which creates flexible and rigid roofing spray foams and UV protective coatings; and Arnco Europe, based in Manchester, UK and provides manufacturing and customer support for three continents.
Arnco, headquartered in South Gate, California, has global manufacturing capabilities in South Gate, CA, Berea, OH, Manchester, England, and Jiaxing City, China.
Arsenal, a New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies, acquired Dash on 26 December 2012 to create a leading global polyurethane and specialty materials platform.
John Televantos (pictured), a partner at Arsenal Capital Partners and co-head of the firm’s specialty industrials group, says: "Arnco has a long history of innovation in the polyurethane market, providing great solutions and service to its customers. The combination of Dash and Arnco represents an important milestone in our strategy to further build a leading polyurethane business offering a broad portfolio of products and technologies that serve multiple end markets."
Larry Carapellotti, president of Arnco, says: "We are delighted with the Dash partnership. The combination positions us to better serve our customers globally and to expand our product offerings into existing and new markets. The companies are highly complementary and both become better – together as one.”
Following the closing, Carapellotti will continue as president of Arnco and will join the board of Dash.
