01.04.16
Royal Adhesives & Sealants LLC has acquired the stock of Adhesive Systems Inc. (ASI).
Based in Frankfort, Ill, ASI develops, manufactures, and markets cyanoacrylate, methyl methacrylate, epoxy and anaerobic adhesives and sells to the assembly adhesives market through a large network of global distributors.
"We are excited to acquire ASI and partner with the company's founders Ed Koziol and Gary Johnson, both of whom are long-time adhesive industry entrepreneurs and have built a leading assembly adhesives business. ASI will continue to operate under Ed and Gary's leadership as part of Royal. We look forward to supporting the ASI team in their next stage of growth as they continue to provide the high level of service and quality their customers have come to expect," said Ted Clark, CEO of Royal.
Specific financial terms of the deal were not disclosed.
"In selecting a partner, Royal was clearly the best positioned to help us accelerate our growth strategy through the addition of other adhesive technologies to our product line and through supporting our geographic expansion plans," noted Ed Koziol, president of ASI said.
ASI Vice President Gary Johnson stated: "We are very pleased to partner with Royal, which has significant global capability and experience in the adhesives and sealants industry. Royal has been aggressively growing their business and will help us to develop and grow our unique and innovative assembly adhesive business model."
Founded 25 years ago by Koziol and Johnson, ASI develops and manufactures engineered adhesives and application solutions for the assembly adhesives market. ASI sells its products globally and manufactures a comprehensive product line of engineered adhesives. ASI's cyanoacrylate, methyl methacrylate, epoxy, anaerobic and other adhesive products have an array of assembly applications in the automotive assembly, aerospace/aviation, medical equipment, military, electronics, general industrial, appliances, plastics molding, furniture manufacturing, and filtration markets among others.
Royal Adhesives & Sealants is a global developer and manufacturer of proprietary, high-performance adhesives and sealants. Headquartered in South Bend, Ind., Royal offers a 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 demanding adhesive and sealant applications.
American Securities is a leading U.S. private equity firm with approximately $15 billion under management. Based in New York, N.Y., with an office in Shanghai, China, American Securities invests in North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $200 million of EBITDA.
Based in Frankfort, Ill, ASI develops, manufactures, and markets cyanoacrylate, methyl methacrylate, epoxy and anaerobic adhesives and sells to the assembly adhesives market through a large network of global distributors.
"We are excited to acquire ASI and partner with the company's founders Ed Koziol and Gary Johnson, both of whom are long-time adhesive industry entrepreneurs and have built a leading assembly adhesives business. ASI will continue to operate under Ed and Gary's leadership as part of Royal. We look forward to supporting the ASI team in their next stage of growth as they continue to provide the high level of service and quality their customers have come to expect," said Ted Clark, CEO of Royal.
Specific financial terms of the deal were not disclosed.
"In selecting a partner, Royal was clearly the best positioned to help us accelerate our growth strategy through the addition of other adhesive technologies to our product line and through supporting our geographic expansion plans," noted Ed Koziol, president of ASI said.
ASI Vice President Gary Johnson stated: "We are very pleased to partner with Royal, which has significant global capability and experience in the adhesives and sealants industry. Royal has been aggressively growing their business and will help us to develop and grow our unique and innovative assembly adhesive business model."
Founded 25 years ago by Koziol and Johnson, ASI develops and manufactures engineered adhesives and application solutions for the assembly adhesives market. ASI sells its products globally and manufactures a comprehensive product line of engineered adhesives. ASI's cyanoacrylate, methyl methacrylate, epoxy, anaerobic and other adhesive products have an array of assembly applications in the automotive assembly, aerospace/aviation, medical equipment, military, electronics, general industrial, appliances, plastics molding, furniture manufacturing, and filtration markets among others.
Royal Adhesives & Sealants is a global developer and manufacturer of proprietary, high-performance adhesives and sealants. Headquartered in South Bend, Ind., Royal offers a 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 demanding adhesive and sealant applications.
American Securities is a leading U.S. private equity firm with approximately $15 billion under management. Based in New York, N.Y., with an office in Shanghai, China, American Securities invests in North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $200 million of EBITDA.
