Bacon Adhesives Has Been Acquired By Royal Adhesives & Sealants
Milwaukee, WI (June 30, 2016) – Grace Matthews, Inc. and CASS Polymers, a Shoreview Industries portfolio company, today announced that Bacon Adhesives (“Bacon”) has been acquired by Royal Adhesives & Sealants (“Royal”). Bacon previously operated as a division of CASS Polymers. Grace Matthews advised CASS Polymers and Shoreview Industries on this transaction. Financial terms of the transaction were not disclosed.
Based in Irvine, California, Bacon is a developer and manufacturer of highly specified, electrically and thermally conductive adhesives for demanding aerospace and defense, communications, avionics, satellite, and other electronics applications.
“Royal’s position in the aerospace & defense markets provides opportunity to enhance the long-term growth potential of Bacon. The transaction represents a positive step for Bacon’s customers and employees, and is a good outcome for the CASS Polymers shareholders,” said Doug Frans, Chairman of CASS Polymers. “We look forward to focusing our efforts on our specialty coatings businesses going forward.”
“We see this as the ideal outcome for Bacon. The complementary nature of Bacon’s product line, combined with Royal’s strong sales and technical resources, will allow Bacon to thrive within Royal’s global organization,” said Andy Hinz, Director at Grace Matthews.
About Grace Matthews, Inc.
Grace Matthews, Inc., a Milwaukee-based investment bank, provides merger, acquisition and corporate finance advisory services to private and public companies. Grace Matthews’ chemical practice is known globally for completing successful chemical industry transactions dating back to the early 1990s. Grace Matthews’ principals have completed over 100 transactions involving global corporations such as Akzo Nobel, 3M, DuPont, Sherwin-Williams, PPG Industries, Ashland, Ceradyne, DSM, ICI, Borregaard, Air Products, Landec Corporation, The Home Depot, Hexion Specialty Chemicals, Atofina Chemicals, Brush Engineered Materials, Becker Industrial Coatings, RPM International, Courtaulds, Domino Sugar, and Chr. Hansen Laboratories. For more detailed information on Grace Matthews, Inc., visit www.gracematthews.com.
About Bacon Adhesives
Bacon Adhesives, located in Irvine, California, specializes in adhesive, bonding, potting, impregnating, sealing and coating systems. The Company has developed many proprietary systems that have been used successfully to accomplish solutions for its customers’ complex requirements. Bacon manufactures, formulates, and packages many products for use in aerospace defense, electronic, industrial and medical industries. For more information on Bacon Adhesives, please visit www.baconadhesives.com.
About Royal Adhesives & Sealants
Royal Adhesives & Sealants is a global developer and manufacturer of proprietary, high-performance adhesives and sealants. Headquartered in South Bend, Indiana, Royal offers a broad range of specialty formulated products designed to solve complex bonding, laminating and sealing applications across a diverse range of markets including aerospace and defense, construction, specialty packaging, automotive and industrial. The company offers a broad spectrum of customized thermosetting epoxy and urethane, solvent-based and water-based technologies to meet the most demanding adhesive and sealant applications. For additional information on Royal, please visit www.royaladhesives.com.
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