Meridian Adhesives Group announced on Thursday the acquisition of Epoxies, Etc., a leading resin formulator of epoxies, urethanes and silicones.
Arsenal Capital Partners 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, Meridian acquired W.F. Taylor, Evans Adhesive Corporation and Polycom. Epoxies, Etc. represents Meridian’s sixth acquisition since its start in 2018.
Epoxies, Etc. is a leading manufacturer and formulator of specialty epoxies, urethanes, silicones and UV curable systems, including adhesives, potting compounds and coatings. Based in Cranston, RI, the company offers products that are widely used in the electronic, electrical, construction and decorative industries.
“We are thrilled to be part of the Meridian Adhesives Group,” said Michael Harrington, President & CEO of Epoxies, Etc. “This merger will enable us to continue our rapid growth in our strategic markets. Our customers and all Epoxies, Etc. stakeholders will benefit from Meridian’s support.”
“We are extremely pleased with the addition of Epoxies, Etc. to the Meridian Adhesives Group,” said Daniel Pelton, CEO of Meridian. “The acquisition of Epoxies, Etc.’s unique products further supports our vision to become the technology leader in the adhesives industry.”
Roy Seroussi, Investment Partner at Arsenal, added, “This acquisition extends Meridian into high growth sectors, such as infrastructure and aerospace, and expands our product portfolio in existing markets, mainly in electronics and medical applications.” Epoxies, Etc. was advised by Grace Matthews, Inc. during this transaction.
Source: Meridian Adhesives Group
