Arsenal Capital, the primary shareholder of South Bend, Ind.-based Royal Adhesives & Sealants, announced Wednesday (July 31) that it has completed the purchase of ADCO Global.
As reported by the South Bend Tribune, the move will more than double Royal Adhesive’s annual sales to close to $600 million. Headquarters for the combined operation will remain in South Bend, according to Ted Clark, president and CEO of Royal.
It is the 10th major acquisition by the company since 2004. It’s also a move that solidifies the company’s future, said Clark, who will head the combined operations.
“I always tell our people we need to get bigger to really maintain our independence,” Clark said. “This is another step in that direction.
Royal Adhesives is a manufacturer and marketer of high-performance adhesives, sealants, encapsulants and specialty polymers. Its supplies a variety of markets including recreational vehicle. The company has manufacturing facilities in Indiana, South Carolina, Texas, New Jersey, New Hampshire, Kansas and California.
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