Royal Adhesives' Subsidiary Acquires Chemque
Royal Adhesives & Sealants, a portfolio company of Arsenal Capital Partners, announced that its subsidiary, Royal Adhesives & Sealants Canada will acquire substantially all of the assets of Chemque.
Tim Zappala, a partner at Arsenal said, “Chemque has a long history supplying adhesives to the demanding telecom, flooring and construction markets. The acquisition of Chemque and merger with Royal represents another important milestone in our strategy to further build a leading adhesives, sealants and coatings business offering customized and proprietary solutions.”
Alex Botrie, Chemque CEO stated, “Chemque’s success and growth over the past 41 years was the direct result of offering advanced technology, exemplary service, and customized products and application solutions. The time is now right for Chemque to be part of a larger organization with the same operating philosophy and where we have a great market fit. The company is now better positioned to continue offering the customer support and service going forward that our customers demand.”
John Televantos, a partner at Arsenal said, “We are building Royal in part by selectively identifying niche acquisitions in this specialty subsector where we can apply our deep industry knowledge to achieve enhanced growth. We built a global top ten adhesives and sealant company that is becoming a leading competitor on a global scale.”
Since its acquisition by Arsenal, Royal has grown organically and via acquisition. This is the company’s seventh acquisition since 2010.
For more information, visit royaladhesives.com.