Ares-backed Virtus Industries completed the acquisition of Arzon Limited for $40m.

Ares-backed Virtus Industries, a manufacturer of paper-coated and laminated products, completed the acquisition of Arzon, a manufacturer of brass and aluminum thin-wall, high frequency, welded tubes, for $40m. The advanced technologies deployed into everyday products are transforming the industrial landscape and the acquisition of Arzon will further expand our capabilities to deliver product solutions to our customers. We believe Arzon is a tremendous company with an excellent management team, we are excited about the opportunities that exist with the merging of these two world class organizations. This is a great example of the type of quality that is available to investors in this sector.” Steve Drew, Virtus CEO.