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Arsenal Capital acquires Para-Chem Southern

Arsenal Capital Partners, a New York-based private equity firm, has acquired Para-Chem Southern, a provider of adhesives, coatings and polymers.



Concurrent with the transaction, Para-Chem will be merged with Arsenal’s platform investment, Royal Adhesives and Sealants, announced two weeks ago. 

Headquartered in South Carolina, Para-Chem offers adhesives, coatings, polymers, surfactants and thickeners across a range of markets in North America including carpeting, personal care, household, institutional and industrial, graphic arts, construction, specialty textiles, paper, packaging, and military.

John Televantos, a partner at Arsenal Capital, says: "Para-Chem has a long history of innovation providing great solutions and service to its diverse customers. The acquisition of Para-Chem and merger with Royal represents an important milestone in our strategy to further build a leading adhesives, sealants and coatings business offering customised and proprietary solutions."

Bill Ward, chief operating officer of Para-Chem, and now president of Royal, says: "We are delighted to become an integral part of Royal Adhesives and Sealants. Para-Chem’s technical capabilities will enhance Royal’s customised product offerings and together, we believe this positions the newly combined company to better address customer demands for flexible, high performance and quality products."

Arsenal executives Televantos, Tim Zappala and Sal Guccione will serve on the board of directors of Royal.

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