Accella Performance Materials has purchased the spray foam division of Quadrant Urethane Technologies.
Founded in Dallas, the acquired operation is a manufacturer of spray foams used for insulation. The purchase gives Accella a strong product portfolio of spray foam products and services, according to Andy Harris, president and CEO of St. Louis-based Accella.
Adding the division to the fold allows Accella, a member of the Arsenal Capital Partners group of companies, “to further expand our footprint is spray foam insulation and deliver even more value to our customers,” he said in a statement.
With the acquisition, “Accella's position as the leading independent polyurethanes systems house is even stronger by leveraging the combined technology, manufacturing and customer support across the group,” according to John Televantos, an Arsenal partner who co-heads Arsenal's Specialty Industrials business.
“Quadrant Spray Foam brings a strong reputation for high quality products and customer service that combines synergistically with Accella's offering and culture to better meet the needs of customers,” Roy Seroussi, a principal at Arsenal, said at a statement.
Robert Jamieson, Quadrant's owner said he is pleased with the transaction. “Quadrant will continue to serve its customer base with innovative products and leverage Accella manufacturing and technology capabilities to build on its brand success,” he said in a statement. “Accella is a great home for Quadrant's spray foam team and technology.”
“The combination of Accella with Quadrant Spray Foam and the prior inclusion of Premium Spray Products, Burtin Polymer Labs and Coating & Foam Solutions provides innovation, scale and speed that makes Accella the industry leader in spray foam for insulation and roofing,” said Chris Brink, vice president of Accella Polyurethane Systems.