Arsenal today announced that it has completed the previously announced sale of Elite Comfort Solutions, Inc. to Leggett & Platt for $1.25 billion. Leggett & Platt is the leading U.S. manufacturer of bedding components, adjustable beds, bedding industry machinery, automotive seat components, furniture components, flooring underlayment, and high-carbon drawn steel wire.
Meridian Adhesives Group announced today the acquisition of Evans Adhesive Corporation, a leading manufacturer of industrial adhesives. Earlier this year, Arsenal created Meridian as its new platform in the global adhesives and sealants sector, focusing on high-value adhesives technologies.
Diversified manufacturer Leggett & Platt today announced that it has entered into a definitive agreement to acquire Elite Comfort Solutions, Inc. for $1.25 billion in cash. The transaction has been approved by the Board of Directors of Leggett & Platt and is expected to close in January 2019.
CPS Performance Materials, a diversified specialty chemicals manufacturer of performance polymers, fine chemicals, and chemical illumination solutions, announced today the acquisition of FAR Chemical from Edgewater Capital Partners). The terms of the acquisition were not disclosed. In 2017, Arsenal Capital Partners created CPS as a new platform focused on specialty polymers and chemicals focusing on high-value end markets through the acquisition of Cyalume Technologies.
Arsenal Capital Partners is a specialized private equity firm with a deep focus in two sectors, Specialty Industrials and Healthcare. Our philosophy is to partner with talented management teams, provide them with access to world-class operating resources and patient capital, and develop positive, open and constructive relationships that foster long-term value creation.