DALTON, Georgia, July 2, 2019 – Meridian Adhesives Group ("Meridian") announced today the acquisition of PolyCom Industries, LLC and its affiliate Eco Dispersions, LLC (“Polycom”), a manufacturer of industrial adhesives and coatings.
Arsenal Capital Partners ("Arsenal") created Meridian in 2018 as its 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 and in December 2018 added Evans Adhesive. Polycom represents Meridian's fifth acquisition since its start in 2018. Today, Meridian's portfolio includes high-performance specialty epoxy, polyurethane, hot melt and hybrid adhesives for the electronics, medical, flooring and infrastructure markets.
“We are excited to join forces with Taylor Adhesives and the Meridian Group of companies,” said Gary Bartley, a partner of Polycom. “We believe this will provide an excellent opportunity for our business to grow and provide new technologies and resources to benefit our customers.”
Polycom will be strategically positioned alongside Taylor Adhesives to broaden their capabilities and offerings to their clients and partners in the flooring industry.
"We are extremely pleased with the addition of Polycom for the flooring segment of our business,” said Dan Pelton, CEO of Meridian. “This acquisition allows us to further support our flooring partners and utilize technologies across the larger Meridian platform."
Roy Seroussi, an Investment Partner at Arsenal, added, “Polycom is an innovator in adhesives technologies that address the evolving environmental trends in using reclaimed materials. We look forward to partnering with Polycom’s employees to support their growth opportunities.”
About Polycom/Eco Dispersions
Polycom and Eco Dispersions are joint companies based in Dalton, Georgia. The companies provide high quality adhesives and coatings used primarily in the manufacturing of flooring composites.
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, hot melt and hybrid adhesives for the electronics, medical, construction, and infrastructure markets. The company has operations in Dalton, GA; Fontana, CA; Billerica, MA; Pompano Beach, FL; and Columbus, OH. For more information, visit www.meridianadhesives.com.
About Arsenal Capital Partners
Arsenal is a leading private equity firm that specializes in investments in middle-market specialty industrials and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of $5.3 billion, completed 42 platform investments and achieved 30 realizations. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience and seeks companies typically in the range of $100 million to $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. For more information, visit www.arsenalcapital.com.