Polymer Solutions Group has purchased Alkon Solutions Ltd, a maker of liquid coatings and powder for the rubber industry, from Stephenson Group Ltd. The undisclosed transaction brings anti-tack technology to PSG’s Sasco Chemical Additives business unit. PSG is backed by New York-based Arsenal Capital Partners.
Alkon, based in Leeds, United Kingdom, manufactures chemical adhesives and anti-tack formula for the polymer industry. The target’s products help prevent adhesion of rubber materials and tires for cars and trucks, along with aviation, off-road, and construction vehicles.
PSG was formed from the acquisition of performance chemical maker Peach State Labs Inc. in 2015. PSG then grew its business with add-on deals involving Flow Polymer LLC and later Albany, Georgia-based Sasco Chemical Group LLC. PSG chairman Sal Gagliardo says “we are committed to support the rapid growth of PSG and will continue to pursue strategic investments that will further transform the company.”
Arsenal has also been actively investing in the chemicals and coatings space with its other portfolio companies. Arsenal-backed Accella Performance purchased Premium Spray Products; purchased Burtin Polymer Labs and Coating and Foam Solutions; and made a deal to buy IPS Polymer Systems Inc.