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Arsenal Capital completes acquisition of ADCO Global

Private equity firm Arsenal Capital Partners has completed the acquisition of ADCO Global, a provider of specialty sealants, tapes and adhesives, and merged the company with its adhesives and secants platform investment, Royal Adhesives and Sealants.

 
ADCO Global supplies specialty adhesives, sealants, tapes and coatings serving construction, transportation and industrial markets throughout the world via its operating subsidiaries ADCO Products in North America and Kommerling Chemiche Fabrik in Europe, Africa and Asia.
 
Tim Zappala, a partner at Arsenal Capital Partners and co-head of the firm’s specialty industrials group, says: "ADCO Global is a well managed business that fits well with Royal given its complementary product lines and its global footprint. This merger will provide more enhanced and global capabilities to our customers.” 
 
Ted Clark, president and chief executive officer of Royal, a 35-year plus veteran of the adhesives, sealants and coatings industry, will continue as president and chief executive officer of the combined business. John Knox, the current chairman, president and chief executive officer of ADCO Global, will join the board of directors of Royal as a non-executive chairman.
 
John Televantos (pictured), a partner at Arsenal Capital Partners and co-head of the firm’s specialty industrials group, says: "ADCO Global has a long history of innovation providing great solutions and service to its diverse customers.  The acquisition of ADCO Global and subsequent merger into Royal represents an important milestone in our strategy to further build a leading adhesives, sealants and coatings business offering customised and proprietary solutions.  The combination of Royal and ADCO Global will create a top ten global supplier of adhesives and sealants with sales approaching USD600m annually."
 
Clark says: "The merger with ADCO Global strengthens Royal’s global reach and adds complementary products and technologies that will enhance our ability to serve global customers and markets in a comprehensive way.  Royal’s experienced management team will partner with ADCO Global’s experienced management to accelerate global growth and expand the platform into new technologies and geographies."

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