Grace Matthews advises Epoxies, Etc. on its sale to Meridian Adhesives Group

MILWAUKEE (August 26, 2019) – Meridian Adhesives Group (“Meridian”) announced the acquisition of Epoxies, Etc. (“Epoxies”), a leading resin formulator of epoxies, urethanes and silicones. Arsenal Capital Partners (“Arsenal”) created Meridian in 2018 as its platform in the global adhesives and sealants sector, focusing on high-value adhesives technologies.
Epoxies, based in Cranston, Rhode Island and founded in 1988, is a specialty formulator of epoxy, urethane, silicone, and UV curable resin systems. The Company manufactures a broad range of adhesives, potting compounds and coatings for use in the electronics, electrical, construction and decorative industries.
“We are thrilled to be part of Meridian Adhesives Group”, said Michael Harrington, Epoxies’ President and CEO. “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.”
“The addition of Epoxies to Meridian’s growing platform of adhesive and sealant technologies will create significant opportunities for both companies,” commented Andy Hinz, Managing Director at Grace Matthews. “Grace Matthews has worked on transactions in adhesives and specialty materials for more than 20 years, and the strategic fit between Epoxies and Meridian is about as strong as we’ve seen.”
Grace Matthews, Inc. served as the exclusive financial advisor to Epoxies, Etc. on the transaction.
ABOUT EPOXIES, ETC. Epoxies, Etc. is a leading resin formulator of epoxies, urethanes, and silicones. The company takes great pride in its commitment to the research, innovative development, and consistent manufacturing of materials for today’s demanding applications. Epoxies, Etc.’s adhesives, potting compounds, and coatings are widely used in the electronic, electrical, construction, and decorative industries. Learn more at www.epoxies.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, 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; Cranston, RI; and Columbus, OH. For more information, visit www.meridianadhesives.com.
ABOUT ARSENAL CAPITAL PARTNERS Arsenal Capital Partners 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 45 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.
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 across the chemical and materials value chain. Grace Matthews is known globally for completing successful chemical industry transactions dating back to the early 1990s. Grace Matthews’ principals have completed over 150 transactions involving global corporations such as AkzoNobel, 3M, DuPont, Sherwin-Williams, PPG Industries, Ashland, ICI, Air Products, Landec Corporation, The Home Depot, Hexion Specialty Chemicals, Becker Industrial Coatings, RPM International, Weatherford, BASF, Lubrizol, WR Grace, Axalta, Eastman, and Hempel. For more detailed information on Grace Matthews, visit www.gracematthews.com.