Accella Performance Materials Announces Acquisition of Burtin Polymer Labs and Coating & Foam Solutions
ST. LOUIS, MO – September 21, 2015 –Accella Performance Materials, a leading manufacturer of polyurethanes and recycled rubber products today announced the acquisitions of Burtin Polymer Labs (BPL) and Coating and Foam Solutions (CFS), a leading manufacturer of spray foams and coatings for insulation and roofing as well as specialized spray elastomers including the Bullet Liner brand for truck bed liners and heavy duty coatings. Burtin Polymer Labs and Coating and Foam Solutions are based in Cartersville GA, and will continue to provide their broad line of high performance products with strong customer support with even greater resources as part of the Accella family.
"The combination of Burtin and Accella provides strong technical expertise and a portfolio of polyurethane system capabilities, allowing us to further expand our manufacturing foot print and provide even more valuable solutions for our customers based on deep polyurethane technology and application expertise," remarked Andy Harris President and CEO of Accella Performance Materials.
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John Televantos, a partner at Arsenal Capital which acquired Accella in 2012, said, "We are very pleased to bring Burtin Polymer Labs and Coating & Foam Solutions into the Accella group. With this acquisition we move toward a leading position as a value added manufacturer of specialty polyurethane foams for insulation and roofing, silicone coatings for roofing and robust spray elastomers for heavy duty coatings. This brings strong synergy to Accella, Burtin and our customers."
Roy Seroussi, a Principal at Arsenal Capital said, "With great manufacturing and great people the combination fits very well with Accella's culture and history positioning the business for strong growth."
Burtin Polymer Labs owner, Claudio Burtin said, "I am very pleased to see this great combination come together. Accella is a great home for our employees and technologies, which will bring expanded opportunities for our customers and employees alike. Accella is investing in and developing the "best of the best" in polyurethane technology and service."
For additional information, please visit www.accellacorp.com.
About Accella Performance Materials: Rebranded from Dash Multi-Corp which was founded in 1973 in St. Louis, MO, Accella is a leading manufacturer of custom formulated polyurethane systems and recycled rubber products. The polyurethane business is focused on custom formulations for spray, pour and cast applications involving foams, coatings, adhesives, sealants, and elastomers. The recycled rubber products business manufactures recycled tire crumb, custom colored EPDM granules, equine matting, athletic flooring, playground surfacing, and custom molded products. With the acquisition of Burtin Polymer Labs and Coating & Foam Solutions, the company manufactures in nine production facilities across the United States, one in Europe and one in China. To learn more about Accella Performance Materials go to www.accellacorp.com.
About Arsenal Capital Partners: Formed in 2000, Arsenal Capital Partners is a leading New York-headquartered private equity firm that invests in middle-market specialty industrial and healthcare companies. Arsenal makes investments in sectors where the firm has significant prior knowledge and experience. The firm targets businesses that have the potential for further value creation by working closely with management to accelerate growth and leverage the firm's operational improvement capabilities. Arsenal currently has $1.7 billion of committed equity capital. For additional information on Arsenal Capital Partners, please visit www.arsenalcapital.com.
