Arsenal Capital Acquires ADCO Global

By Marc Castro

Jun 21, 2013 04:15 PM EDT

Arsenal Capital Partners have signed an agreement for the acquisition of ADCO Global Inc, the world's top manufacturer of specialty adhesives, tapes and sealants. ADCO Global is one of the portfolio firms of Aurora Capital Group, which is a private equity firm based out of Los Angeles, CA. 

The said transaction would be subject to conditions on customary closing as well as regulatory approval. The transaction is expected to be completed by the third quarter of 2013.

ADCO on the other hand is based out of Lincolnshire, IL. It provides specialized solutions for insulation, adhesives, sealants and coatings for industrial purposes. 

Arsenal Capital Partners Partner John Televantos said, "ADCO Global has a long history of innovation, providing great solutions and service to its diverse customers. We look forward to working with ADCO Global's management and employees."

According to the Chairman, President and CEO of ADCO Global said, "ADCO Global is excited to partner with Arsenal Capital Partners. Arsenal has an outstanding track record of growing specialty chemicals businesses. ADCO Global is expanding its position around the world with innovative products and solutions to serve market leading customers. Arsenal is well suited to support ADCO Global's continued growth." 

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