ALPHARETTA, Ga., July 1, 2024
/PRNewswire/ -- Arclin, a material science company that
manufactures polymer technologies, specialty chemicals and
engineered building products for numerous end-markets, announced
today that it has completed the purchase of RG Dispersants,
("RGD"), a leading producer of specialty dispersants and
surface-active products from CPS Performance Materials.
"The addition of the Candiac
and Cedartown teams and physical
assets continues to add new products and markets for Arclin," said
Bradley Bolduc, President & CEO
of Arclin. "Arclin has a strategy to diversify our product
offerings into areas that are related to our core chemical
competencies and manufacturing expertise."
The acquisition of RGD expands Arclin's capabilities in
North America and is viewed as a
key step in the company's strategy toward expanding its product
presence into sectors that are adjacent to its core chemistries and
business. The new Arclin business will operate RGD's plants in
Candiac, Quebec and Cedartown, GA and the acquisition will add
approximately 150 new team members to Arclin's existing 850-person
team.
"The addition of RGD will add applications such as wallboard,
specialty concrete and specialty rubber / tire production," said
Bolduc. "Additionally, it will strengthen our already established
agriculture and natural resources business with new mission
critical technologies further strengthening our product offerings
in these sectors. We are excited to add these to a growing list of
markets that already includes building products, pharmaceuticals,
water treatment, agriculture, electronics, transportation
infrastructure, natural resources and other end markets. We are
very excited about the addition of RGD as we continue to transform
Arclin into a more diverse material science company."
"The sale of RGD to Arclin was a logical next step for the
business," said Jeremy Steinfink,
CPS CEO. "Under CPS Performance Materials ownership, the business
has developed into a clear technology leader and supply partner
offering best in class dispersing solutions. As RGD continues to
expand, customers will benefit from Arclin's knowledge of our key
end markets, breadth of technical expertise and distribution and
interest in rapid deployment of resources in support of the growth
strategy," Steinfink added.
Transition efforts are well underway and Arclin anticipates a
smooth transition for existing RGD Company customers.
Arclin was advised in this transaction by BMO Capital Markets
Corp. and Kirkland & Ellis. CPS Performance Materials was
advised in this transaction by Piper
Sandler & Co. and Thompson Hine.
About Arclin:
Arclin is a leading materials science provider of
chemistry-based polymer technologies and engineered products for
numerous industrial applications including building products,
pharmaceuticals, water treatment, agriculture, electronics,
transportation infrastructure, natural resources and other end
markets. Headquartered in Alpharetta,
Georgia, Arclin has offices and manufacturing facilities
throughout the U.S., Canada, and
the UK, manufacturing for customers worldwide. Arclin is a
portfolio company of TJC, LP, formerly known as The Jordan Company.
TJC has worked for more than 40 years with CEOs, founders and
entrepreneurs across a range of industries including Consumer &
Healthcare, Diversified Industrials, Industrial Technology,
Logistics & Supply Chain and Technology and Infrastructure.
About CPS Performance Materials:
CPS Performance Materials is a diversified specialty chemicals
company with businesses serving multiple end markets including
pharmaceuticals, nutrition, medical/eyecare, specialty coatings in
a broad range of applications. CPS Performance Materials is a
portfolio company of Arsenal Capital Partners, a leading private
equity firm that specializes in investments in middle market
specialty building market-leading industrial growth and healthcare
companies.
For more information, contact
Chris Adams at
Chris.Adams@Arclin.com
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SOURCE Arclin