Financial terms of the transaction were not disclosed.
Meridian is a producer of high-performance advanced adhesives for electronics, infrastructure, and industrial end markets. The company sells a broad portfolio of chemistries and focuses on niche applications that require custom solutions and complex formulations. Meridian operates 25 facilities and serves over 5,000 customers in North America, Asia Pacific, and Europe. The Company is headquartered in Houston, Texas and employs approximately 560 people globally.
“We are grateful for the support of Arsenal over the past four years as we established Meridian as the go-to solution provider in the industry,” said Dan Pelton, CEO of Meridian. “We are excited about Meridian’s next phase of growth and our new partnership with American Securities.”
In other news, Meridian Adhesives has acquired Design Polymerics, a manufacturer of high-performance sealants, adhesives, insulation mastics and indoor air quality products.
