Accella Polyurethane Systems LLC, a portfolio company of Arsenal Capital Partners, has reached a deal with Covestro LLC to acquire certain assets of the target’s spray polyurethane foam (SPF) business. Polyurethanes are versatile polymers used in a variety of industrial, commercial and consumer products such as solid and clear plastics. Financial terms of the deal were not disclosed.
The deal for portions of the Covestro business includes both commercial and production operations based in Spring, Texas. The facility serves North America as a producer SPF, often used as insulation and roofing material for the construction industry. The divesture of the SPF business will allow the Covestro to focus on its core assets such as polymers and high-performance plastics, according to Covestro president Jerry MacCleary.