St. Louis, MO – Accella Performance MaterialsTM, Inc. (Accella), a leading manufacturer of polyurethane systems and recycled rubber products, has announced the sale of specialty assets to PolyOne Corporation (NYSE: POL). The divested assets are not related to AccellaTM’s polyurethanes and recycled rubber business, and are a strong fit with PolyOne’s Global Color, Additives and Inks segment. AccellaTM was acquired in 2012 by Arsenal Capital Partners (Arsenal), a leading New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies.
“We are very pleased to see the strong fit these assets have with PolyOne, which we expect will bring greater value to PolyOne’s existing and new customers with the integration of AccellaTM’s people, technology, innovation and service. The sale allows AccellaTM to further sharpen our focus on polyurethane systems and recycled rubber products, which are strategically related as complete “system” solutions for many of our target markets,” said AccellaTM’s CEO, Andy Harris.
John Televantos, a Partner at Arsenal Capital Partners and co-head of the firm’s Specialty Industrials Group, said, “This transaction offers the opportunity for great value to investors and customers alike for both PolyOne and AccellaTM, combining the best of each organization in specialized areas to further enhance PolyOne’s offering, while strengthening AccellaTM’s position to further grow in its target markets.”
Roy Seroussi, a Principal at Arsenal Capital Partners, added, “We are very pleased with this outcome. It’s always good to see our investments move on to expanded opportunities and potential for further “invest-to-grow” value with leading organizations like PolyOne.”
The Valence Group acted as financial advisor and DLA Piper LLP acted as legal advisor to AccellaTM.