Arsenal Capital Partners today announced that its specialty polymers and additives platform, Polymer Solutions Group, acquired Sasco Chemical Group, Inc., a manufacturer of specialty chemicals for the rubber, wood, consumer and medical industries.
Arsenal Capital Partners has completed the acquisition of certain foam production assets (HSM Foam) from Hickory Springs Manufacturing Company. HSM Foam will become a subsidiary of Elite Comfort Solutions, a leading specialty foam platform created by Arsenal in 2016. Elite Comfort Solutions serves the bedding and home furnishings industries and has a national network of 11 production facilities.
Headquartered in Fort Smith, Arkansas, Peterson Chemical is a unique, global technology company specializing in pioneering polyurethane foam products through additives, specialty polyols, systems, and applications development. Peterson Chemical has been providing new technologies to multiple entities in various foam industries for over a decade. The company is the leading inventor of innovative open-cell viscoelastic foam and gel-infused foam technologies, along with a wide range of specialty polyols and additives that have changed the look and performance of specialty bedding products throughout the world.
Arsenal announced today the majority investment in Elite Foam, Inc. (Elite Foam) and the signing of a definitive agreement with Hickory Springs Manufacturing Company (HSM) to acquire its foam production assets (HSM Foam). Earlier in March, Arsenal announced its investment in Pacific Urethanes LLC, a leading developer and producer of specialty polyurethane foam materials.
Headquartered in Ontario, California, Pacific Urethanes, develops and commercializes proprietary foam products that service its customers’ needs, with a focus on novel technologies for the bedding market. Pacific Urethanes’ technology and solutions are applicable to a broad range of markets including specialty bedding, furniture, packaging and recreational market segments.
Arsenal Capital Partners is a specialized private equity firm that invests in the U.S. middle market with a narrow and deep focus in two sectors, Specialty Industrials and Healthcare. Our philosophy is to partner with talented management teams, provide them with access to world-class operating resources and patient capital, and develop positive, open and constructive relationships that foster long-term value creation.