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Private equity firm Arsenal Capital has acquired two adhesives makers: Adhesives Technology and Epoxy Technology. The former makes construction and industrial adhesives. The latter makes adhesives for semiconductors and other high-tech components. Both firms will operate under a newly created Arsenal entity called the Meridian Adhesives Group. Arsenal bought Royal Adhesives & Sealants in 2010, added nine acquisitions, and sold it to another private equity firm in 2015. H.B. Fuller bought the business for $1.6 billion in 2017.
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