From Tire Review
 
Arsenal Capital Partners has acquired polyurethane product producer Arnco.
 
Established in 1971 and based in South Gate, Calif., Arnco operates through five main business units: Arnco Tire Flatproofing; Arnco Performance Polymers; Carefree Tire; Arnco Construction Products; and Arnco Europe, based in Manchester, England. Arnco has production facilities in South Gate; Berea, Ohio; Manchester; and Jiaxing City, China.
 
Arsenal Capital Partners is a New York-based private equity firm; it acquired polyurethane and specialty materials producer Dash Multi-Corp Inc. in December 2012.
 
“Arnco has a long history of innovation in the polyurethane market, providing great solutions and service to its customers,” said John Televantos, a partner at Arsenal Capital. “The combination of Dash and Arnco represents an important milestone in our strategy to further build a leading polyurethane business offering a broad portfolio of products and technologies that serve multiple end markets.”
 
Larry Carapellotti, who continues as president of Arnco, said, “The combination positions us to better serve our customers globally and to expand our product offerings into existing and new markets. The companies are highly complementary and both become better – together as one.”