Arsenal Capital buys International Fiber

By Frank Esposito
Senior Staff Reporter

Published: August 28, 2013 2:48 pm ET
Updated: August 28, 2013 2:49 pm ET

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers

Arsenal Capital Partners has made its 10th plastic-related acquisition in less than two years, this time buying cellulose and plastic fiber maker International Fiber Corp. for an undisclosed price.

IFC is based in North Tonawanda, N.Y., and makes insoluble fibers that are used to control viscosity in thermoplastics, as well as in many other uses, including food applications, paint thickening and strengthening rubber used in industrial belts and hoses. The firm also makes fibers that are based on nylon, polyester and acrylic resins.

IFC was founded in 1917 and operates four U.S. plants — in North Tonawanda; Nitro, W. Va.; and Oberlin and Urbana, Ohio — as well as a plant in Temse, Belgium.

Arsenal — a New York-based private equity firm — is buying IFC from private equity firm Swander Pace Capital, which has offices in San Francisco and in Bedminster, N.J.

“Arsenal is delighted to invest in a global company with a long history of innovation,” Arsenal partner John Televantos said in an Aug. 28 news release.

Arsenal senior advisor Ken Blackburn will become CEO of IFC when the deal is completed. IFC is well-positioned for growth in both the U.S. and international markets, he said in the release.

In 2012, Arsenal bought six plastic-related businesses with total sales of more than $600 million. Earlier this year, the firm bought polyurethane tire fill makers Arnco Inc. of South Gate, Calif., and Pathway Polymers Inc. of Chattanooga, Tenn., as well as ADCO Global Inc., a Lincolnshire, Ill.-based firm whose products include acrylic tapes and PU bonding. Arnco also makes PU systems.


Comments

Arsenal Capital buys International Fiber

By Frank Esposito
Senior Staff Reporter

Published: August 28, 2013 2:48 pm ET
Updated: August 28, 2013 2:49 pm ET

Post Your Comments


Back to story


More stories

McCann expanding in Ohio

December 17, 2014 11:59 am ET

Compounding firm McCann Plastics will spend $1.2 million on an expansion project that will create 15 new jobs at its plant in Green, Ohio.    More

French firm acquires Zimmer-brand polymer technology

December 15, 2014 4:18 pm ET

The deal includes technologies for the processing of polyesters and nylons, and approximately 40 researchers and engineers.    More

Image

Bioplastics global production capacity

December 15, 2014 10:14 am ET

   More

Image

Israeli compounder building $13.1 million facility in North Carolina

December 12, 2014 1:14 pm ET

Tosaf USA, a subsidiary of Kfar Yona, Israel-based Tosaf Compounds Ltd., will build a compounding and masterbatch production facility in North...    More

Image

PPS resin maker Lumena cuts production after ‘difficulties’ with banks

December 12, 2014 11:47 am ET

Polyphenylene sulfide resin maker China Lumena New Materials Corp. said it’s having difficulty “maintaining the continual support” o...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events