Arsenal Capital Partners has acquired Applied Products Inc., a leading manufacturer and value-added distributor of adhesive products and thermal product services in North America, from Goldner Hawn LP.
Roy Seroussi, an investment partner of Arsenal, commented, “Arsenal brings decades of domain and technical expertise in the adhesives and sealants market, and we are excited to support Applied Adhesives’ organic and acquisition growth initiatives and continue to build the company as a leading value-added distributor.”
“We are grateful for the outstanding support Goldner Hawn has provided us over the past four years,” said John Feriancek, president and CEO of Applied Adhesives. “As we look toward the future, we are thrilled to partner with Arsenal. With its backing, we will continue to execute on our growth initiatives and strive to be the adhesive solutions partner of choice for businesses throughout North America.
BlackArch Partners served as the exclusive financial advisor to Applied Adhesives and Goldner Hawn, with Faegre Drinker Biddle & Reath LLP serving as legal advisor. Kirkland & Ellis LLP served as legal advisor to Arsenal.