Arsenal Capital's Chromaflo buys colorant line

By Frank Esposito
Senior Staff Reporter

Published: December 17, 2012 6:00 am ET

Related to this story

Topics Materials, Mergers & Acquisitions, Suppliers

ASHTABULA, OHIO (Dec. 17, 4:10 p.m. ET) — Arsenal Capital Partners is ending 2012 the way it began: By opening its checkbook and buying a plastics-related business.

The New York-based private equity firm recently made its fifth plastics-related deal of the year, this time buying the Tint-Ayd brand line of alkyd polyester-based colorants from Elementis Specialties Inc. of London. No purchase price was disclosed.

Tint-Ayd colorants are sold in Europe, the Middle East and Africa. They are primarily used in decorative paints and coatings. Arsenal made the deal through Chromaflo Technologies Corp., the business it created earlier this year by merging Plasticolors Inc. and the Colortrend business of Evonik Industries AG — both of which Arsenal had acquired in 2012. Chromaflo is based in Ashtabula, Ohio.

Arsenal closed the deal for Tint-Ayd on Dec. 13. In a Dec. 13 news release, Chromaflo President and CEO Scott Becker said that the acquisition “is consistent with our efforts in supplying colorants for high-performance industrial coatings and architectural paints in the European markets.”

Acquiring Tint-Ayd “is the first acquisition of several we hope to make to extend the reach” of Chromaflo,” Arsenal partner John Televantos said in the release.

In addition to the two acquisitions that created Chromaflo, Arsenal in 2012 acquired plastics barrier treatment maker Fluoro-Seal Holdings LLC and Clifton Adhesives, a supplier of thermoplastics and elastomeric adhesives and coatings.


Comments

Arsenal Capital's Chromaflo buys colorant line

By Frank Esposito
Senior Staff Reporter

Published: December 17, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Ohio molder sold to private equity firm

August 19, 2014 5:23 pm ET

Private equity firm TVV Capital of Nashville has acquired injection molder Design Molded Plastics Inc. for an undisclosed price.    More

Image

Pactiv selling building products unit to Ireland's Kingspan

August 19, 2014 3:54 pm ET

Irish building material manufacturer Kingspan Group plc is acquiring the insulation business of Lake Forest, Ill.-based Pactiv Building Products for...    More

Image

Report: Graham looking to sell Infiltrator

August 19, 2014 11:32 am ET

Private equity group Graham Partners Inc. reportedly is ready to sell septic tank maker Infiltrator Systems Inc. after holding the Old Saybrook, Conn....    More

Image

ISO publishes international standard for measuring phthalates in toys

August 19, 2014 10:40 am ET

The Geneva-based International Organization for Standardization (ISO) has published an international standard on phthalates used as plasticizers in...    More

Image

RTP expands very long fiber thermoplastic production to Mexico

August 19, 2014 9:47 am ET

RTP Co. has introduced very long fiber reinforced compounds at its Monterrey, Mexico, facility.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events