Announced
Financials
Tags
Single Bidder
Pending
sealants
Acquisition
Majority
Specialty Chemicals
Private
Germany
Friendly
adhesives
Private Equity
Synopsis
Arsenal Capital-backed Meridian Adhesives, a manufacturer of adhesives and sealants technologies, agreed to acquire the adhesives division of John P. Kummer, a specialist distributor of instruments used in the manufacturing of semiconductors. Financial terms were not disclosed. The deal is expected to be completed by the end of April 2020. “Joining Meridian will allow us to open the gate to a much wider and diversified portfolio. Our positive reputation in the market combined with the technical support of Meridian will offer our clients the best of both worlds,” Nicolas Schwarz, John P. Kummer Managing Director.
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