Meridian Adhesives Group Acquires Evans Adhesive
Columbus, Ohio - Meridian Adhesives Group (“Meridian”) announced today the acquisition of Evans Adhesive Corporation (“Evans Adhesive”), a leading manufacturer of industrial adhesives.
Earlier this year, Arsenal Capital Partners (“Arsenal”) created Meridian as its new platform in the global adhesives and sealants sector, focusing on high-value adhesives technologies. In May 2018, Meridian completed the acquisitions of Epoxy Technology and Adhesives Technology Corporation. Subsequently in September 2018, Meridian acquired W.F. Taylor, LLC. Today, Meridian’s portfolio includes high-performance specialty epoxy, polyurethane, and hybrid adhesives for the electronics, medical, construction, and infrastructure markets. Evans Adhesive represents Meridian’s fourth acquisition in 2018.
Rusty Thompson, President of Evans Adhesive, said, “Our customers will continue to receive the Evans Adhesive’s experience along with increased access to a variety of different adhesive technologies, additional technical resources and overall support from a larger platform. Being part of Meridian provides our valued employees with more career growth opportunities. All of us at Evans Adhesive could not be more excited and pleased to be part of Meridian.”
Dan Pelton, CEO of Meridian, said, “Evans Adhesive’s portfolio of technologies, well-known brands and customer intimacy culture fits with Meridian’s philosophy and strategy. This acquisition adds another avenue for driving technology across the Meridian platform”.
Roy Seroussi, an Investment Partner at Arsenal, added, “We are delighted to have Rusty and his employee base join the Meridian family. Evans Adhesive has been an innovator in the sector for decades and we look forward to expanding the business through investments and acquisitions.”
About Evans Adhesive Corporation
Founded in 1900, Evans Adhesive Corporation is one of America’s leading manufacturers of industrial adhesives. With headquarters centrally located in Columbus Ohio and additional manufacturing facilities in Rancho Cucamonga California, the company has a well-established reputation in the industry, with an emphasis on customer satisfaction, product quality and timely delivery. Its array of capabilities is broad and includes pressure-sensitive hot melts; polyamides; APAO; EVA packaging hot melts; various water-based, palletizing, and graphic arts as well as outdoor advertising adhesive applications. For more information, visit www.evansadhesive.com.
About Meridian Adhesives Group
Meridian Adhesives Group is a leading manufacturer of high-value adhesives and sealants technologies. Its portfolio of solutions includes high-performance specialty epoxy, polyurethane, and hybrid adhesives for the electronics, medical, construction, and infrastructure markets. The company has operations in Dalton, GA, Fontana, CA, Billerica, MA and Pompano Beach, FL. For more information, visit www.wftaylor.com, www.atcepoxy.com and www.epotek.com.
About Arsenal Capital Partners
Established in 2000, Arsenal is a leading private equity firm that specializes in investments in middle-market specialty industrials and healthcare business services companies. Since inception, Arsenal has raised institutional equity investment funds of approximately $3 billion. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience and seeks companies typically in the range of $100 - $500 million of initial enterprise value. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. Visit www.arsenalcapital.com for more information.