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Business
Arsenal divests urethane firm Accella
by Marc S. Reisch
October 9, 2017
| A version of this story appeared in
Volume 95, Issue 40
Private equity firm Arsenal Capital Partners has agreed to sell polyurethane systems maker Accella Performance Materials for $670 million to Carlisle Companies, an industrial products firm. Accella was assembled from more than a dozen acquisitions since 2012, including Covestro’s North American spray polyurethane foam business. Today it has annual sales of $430 million. Arsenal continues to invest in other specialty chemical businesses and recently bought the chemiluminescent glow-stick maker Cyalume Technologies.
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