IGM Resins Inc., a Dutch supplier of services to the ink and coatings industry, has purchased Insight High Technology Group for an undisclosed price.

IGM, which is backed by Arsenal Capital Partners and has an office in Charlotte, North Carolina, had been looking to expand product offerings across the globe. With Insight High Technology, The Netherlands-headquartered buyer gains manufacturing capabilities to produce pharmaceutical substances, ingredients and fine chemicals in China.

IGM was acquired by Arsenal Capital in September 2012.

The New York-based private equity firm, which has more than $1.6 billion in capital under management, has been tapping the third lower midmarket buyout fund that it raised last April, with $875 million of committed capital, to do deals.

The acquisition of Insight High Technology comes as Arsenal explores a sale for Royal Adhesives and Sealants LLC, a provider of specialty tapes, sealants and adhesives.

The financial sponsor has reportedly hired Credit Suisse Group AG to manage the auction process.

Royal Adhesives, of South Bend, Indiana, was acquired from private-equity firm Quad-C Management in 2010. Since then, Arsenal had been growing the company through acquisitions including a bolt-on deal for coatings maker Adco Global Inc. from Aurora Capital Partners in 2013.

In April, it picked up specialty contract research organization Synchrogenix Information Strategies Inc., and folded it into portfolio company Certara LP, a drug development firm.

Arsenal’s other investments include Danlin Industries Corp. and Kel-Tech Inc., both chemical providers to the oil and gas sector, as well as Dash Multi Corp. and Breckenridge Insurance.

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