Arsenal Capital Partners has acquired chemical manufacturer Sasco Chemical Group through its portfolio company, Polymer Solutions Group. PSG was formed by Arsenal in June, when the private equity firm acquired specialty polymers and performance chemical maker Peach State Labs.
Albany, Georgia-based Sasco Chemical manufactures rubber anti-tack agents. Its products lines include PolyCoat, TechKote and Sasco Cote. Sasco also has a research and development center in Macon, Georgia, which produces more than 1,200 products for global distribution. PSG CEO Mike Ivany says the acquisition strengthens the company’s position in the rubber additive markets. Sasco president Marc Skalla and chief operating officer Rusty Skalla will remain involved in the organization.