Category: Press Releases

May 1, 2023

Meridian Adhesives Group (Meridian), a leading manufacturer of high-value adhesive technologies, announced today the appointment of Wayne Byrne as Chief Financial Officer. Byrne steps into this role with more than 30 years of leadership experience in financial and operational roles within the industrial and specialty material markets.

“I am extremely pleased to have Wayne joining Meridian as an executive thought partner,” said Daniel Pelton, CEO of Meridian Adhesives Group. “Wayne’s extensive background in the specialty chemicals space will play an important role in the continued success of our organization, and I am looking forward to his expertise as we push forward our customer-focused mission.”

Byrne has a proven track record as EVP/Chief Financial Officer for several private equity companies, including Emerald Performance Materials, Royal Adhesives and Sealants, Quest Specialty Chemicals, and Duraline Holdings. In his new role, he will be responsible for leading Meridian’s finance, treasury, accounting, and IT operations, as well as developing and executing financial strategies that support the company’s global growth objectives.

Byrne’s broad experience in international integrations will also play an important role in Meridian’s expansion as the company extends its footprint globally.

“I am impressed with the strategies that Dan Pelton and the Meridian team have established to become a key provider of value-added adhesive solutions in the global marketplace,” said Byrne. “I am excited to work with the entire organization to build upon the successful foundation they have developed.”

Byrne holds an MBA from the University of Florida and a BSBA in Finance from the University of Central Florida.

About Meridian Adhesives Group

Meridian Adhesives Group is a leading manufacturer of high-value adhesive technologies. With a broad portfolio of dynamic solutions, Meridian serves the electronics, building & construction, and packaging markets. The group’s operations are located in the Americas, EMEA, and Asia, with a multitude of sales and service offices worldwide that are positioned to serve Meridian’s global customer base. For more information, visit https://meridianadhesives.com.

New York, NY, September 8, 2022 – American Securities LLC (“American Securities”) and Arsenal Capital Partners (“Arsenal”) today announced that an affiliate of American Securities has acquired Meridian Adhesives Group (“Meridian” or the “Company”), in partnership with the management team and funds affiliated with Arsenal. Financial terms of the transaction were not disclosed.

Meridian is a leading producer of high-performance advanced adhesives for electronics, infrastructure, and industrial end markets. The Company sells a broad portfolio of chemistries and focuses on niche applications that require custom solutions and complex formulations. Meridian operates 25 facilities and serves over 5,000 customers in North America, Asia Pacific, and Europe. The Company is headquartered in Houston, TX and employs approximately 560 people globally.

“We are grateful for the support of Arsenal over the past four years as we established Meridian as the go-to solution provider in the industry,” said Dan Pelton, Chief Executive Officer of Meridian. “We are excited about Meridian’s next phase of growth and our new partnership with American Securities.”

“The time that we have spent evaluating and investing in companies in the adhesives space gives us immense appreciation for Meridian’s leadership positions in attractive and growing end markets and applications,” commented Scott Wolff, a Managing Director of American Securities. “We are excited to support the Company’s organic growth and M&A strategies, innovation, and continued operational excellence so that Meridian can continue to solve problems for its customers.”

“Meridian’s growth has been a result of focusing on positive long-term trends in technologies and end markets, coupled with hard work from a talented leadership team and employee base,” said Roy Seroussi, an Investment Partner of Arsenal. “We look forward to our continued partnership with the Company and American Securities as we build a leading, global adhesives company.”

Morgan Stanley & Co. LLC acted as financial advisors to American Securities and Weil, Gotshal & Manges LLP served as legal counsel. Citi and Moelis & Co. LLC acted as financial advisors to Meridian and Benesch, Friedlander, Coplan & Aronoff LLP served as legal counsel with respect to the transaction.

About Meridian Adhesives Group

Meridian Adhesives Group is a leading manufacturer of high-value adhesive technologies. With a broad portfolio of dynamic solutions, Meridian serves the electronics, infrastructure, and industrial (flooring, packaging, and product assembly) markets. The group’s operations are located in the Americas, EMEA and Asia, with a multitude of sales/service offices worldwide that are positioned to serve Meridian’s global customer base. For more information, visit https://meridianadhesives.com.

About American Securities LLC

Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion. American Securities and its affiliates have more than $26 billion under management. For more information, visit www.american-securities.com.

About Arsenal Capital Partners

Arsenal Capital Partners is a leading private equity firm that specializes in investments in industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds totaling over $10 billion, completed more than 250 platform and add-on acquisitions, and achieved more than 30 realizations. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. For more information, visit www.arsenalcapital.com.

CRANSTON, Rhode Island (Dec. 7, 2020) – Meridian Adhesives Group, a leading manufacturer and custom formulator of high-value adhesives technologies, will now be serving the electric vehicle market with custom solutions by way of the company’s Electronics Division.     

Meridian’s Electronics Division currently encompasses three companies – Epoxy Technology, Inc., located in Billerica, Massachusetts; Epoxies, Etc., located in Cranston, Rhode Island; and Epoxy Technology Europe, with offices in the United Kingdom, Germany and Switzerland. Together, the companies will provide the rapidly emerging electric vehicle market with products, including thermally conductive potting compounds and adhesives, potting and encapsulating compounds, UL listed 94 V-O potting compounds, UV curable coatings and adhesives and circuit and assembly adhesives. 

These solutions can be used in various applications, including:  

• Battery & component assembly 
• Battery potting 
• Capacitor potting 

• EMI shielding 
• EV chargers 
• Li-ion battery construction 
• Motor inverters 
• Motor assembly 

• On-board chargers 
• Motor potting 
• Sensors & controls 
• Stray currents/grounding 
• Transformer potting 

In addition to the many products already available, the division’s expert engineers and chemists can formulate unique, custom solutions for electric vehicle and battery manufacturing for even the most challenging applications, such as sealing aggressive chemicals in battery fabrication, dissipating heat waste from high powered motors, resisting pyrolysis and flammability with environmentally friendly raw materials, and finally meeting highest reliability standards of automotive grade electronics. Many of these solutions are part of an extensive quality program, including ISO 9001:2015, MIL-STD 883/5011 certifications, as well as Sony Green Partnerships, RoHS and REACH Compliance. 

The Electronics Division of Meridian Adhesives Group provides high technology products with experienced technical support. Epoxy, urethane, silicone and UV materials that are manufactured by Epoxy Technology and Epoxies, Etc. have been used in some of the most demanding applications. Epoxy Technology, established in 1966, and Epoxies, Etc., established in 1988, are trusted partners of organizations throughout the world.  

“Our Electronics team has been building a specialized portfolio of products and capabilities to support our EV customers for some time now,” said Brandon Willis, President of Meridian’s Electronics Division. “Our products fulfill some of the most demanding applications in the industry, and I’m excited to see what new opportunities our team creates by fulfilling our core promise of delivering tangible value to our customers.”  

About Meridian Adhesives Group 

Meridian Adhesives Group is a leading manufacturer of high-value adhesives and sealants technologies. Its portfolio of solutions includes high-performance specialty epoxy, polyurethane, hot melt and hybrid adhesives for the electronics, flooring, infrastructure and packaging markets. The company has operations in Dalton, GA; Fontana, CA; Billerica, MA; Pompano Beach, FL; Cranston, RI; Columbus, OH; Marlborough, UK; Augsburg, Germany; and Albuquerque, New Mexico. For more information, visit www.meridianadhesives.com. 

CRANSTON, Rhode Island (Mar. 10, 2020) – Epoxies, Etc. and Epoxy Technology, Inc., two established companies serving the electronics, automotive, medical, aerospace and industrial markets, recently announced a commercial alignment to offer more dynamic solutions to clients.  

The partnership was implemented after the purchase of both companies by Meridian Adhesives Group, a platform in the global adhesives and sealants sector. Together, the companies will bring more products to design engineers working on demanding electronic and assembly bonding applications.  

Epoxy Technology is a leader in microelectronic applications, with an emphasis on halogen-free epoxies, low outgassing materials, specialty UV curable systems and ISO 10993 bio-compatible adhesives. These products will compliment Epoxies, Etc.’s offering of potting and encapsulating compounds, UL 94 V-0 listed products and structural adhesives. Together, the companies will be able to supply printed circuit board level materials, such as underfill and glob top adhesives, all the way up to potting compounds that protect the entire electronic device. Both companies focus on convenience packaging options such as pre-mixed and frozen syringes and Triggerbond® cartridges for ease of use and quality.  

“These two well-established companies have technical expertise and custom formulating capabilities that will drive innovation for the benefit of the markets they proudly serve,” said Michael Harrington, president of Epoxies, Etc. “Combined, we are able to offer more technical material solutions to both current and future customers.” 

The electronics division of Meridian Adhesives Group provides high technology products with experienced technical support. Epoxy, urethane, silicone and UV materials that are manufactured by Epoxy Technology and Epoxies, Etc. have been used in some of the most demanding applications. Epoxy Technology, established in 1966, and Epoxies, Etc., established in 1988, are trusted partners of organizations throughout the world and will now be working together to provide more solutions to these clients. 

“Strategically combining these two companies strengthens our approach in the market,” said Daniel Pelton, CEO of Meridian Adhesives Group. “We are providing our customers a broader product offering in the electronics and medical sector to meet their growing needs.” 

Meridian Adhesives Group is a leading manufacturer of high-value adhesives and sealants technologies. Its portfolio of solutions includes high-performance specialty epoxy, polyurethane, hot melt and hybrid adhesives for the electronics, medical, construction and infrastructure markets. The company has operations in Dalton, GA; Fontana, CA; Billerica, MA; Pompano Beach, FL; Cranston, RI; and Columbus, OH. For more information, visit www.meridianadhesives.com.  

(Billerica, MA) – February 4, 2020 – Epoxy Technology Inc, a leading global manufacturer of high performance specialty epoxy, UV & Hybrid adhesives for 50+ years is pleased to announce the addition of two new MED line adhesive products: MED-OG198-55 and MED-730-110 to its comprehensive line of medical device grade adhesives. 

All 25 EPO-TEK® MED line adhesives have successfully undergone ISO10993-5 Cytotoxicity testing, an excellent screening test for biocompatibility. Additionally, 9 products have undergone extensive additional testing passing ISO 10993-4,5,6,10,11 testing. 

Our newest MED line products – MED-OG198-55 and MED-730-110, have unique properties, which may be helpful in critical design challenges. 

MED-OG198-55 is a special cationic-based, translucent, highly thixotropic gel with significant UV shadow curing capabilities and enhanced performance when thermally post cured. Our product is especially useful in microfluidic designs, where its thixotropic nature helps to prevent flow to specified areas. It is used in staking electrical and optical components, reinforcement, feed through and sealing selected areas in drug delivery products. 

MED-730-110 is an easy to use (1:1 mix ratio, dual cartridge packaging), structural adhesive, with low or room temperature curing capability. It has excellent adhesion to plastics, catheter tubing and many known difficult to bond materials, especially PEBAX^®. 

Joan Bramer, Global Director of Sales & Marketing said, “We, at Epoxy Technology, Inc., are pleased to further expand our line of specialty MED adhesives for medical device manufacturers and remain dedicated to the highest quality manufacturing and testing of our products”. 

To learn more about our MED line of products, or to find a listing of our authorized distributors, visit our website at www.EPOTEK.com, email at med@epotek.com or contact us directly at +1 978-667-3805.  

About Epoxy Technology 

Epoxy Technology, Inc., a division of the Meridian Adhesive Group, and founded in 1966, is a pioneer in the development of specialty epoxies, polymers, UVs and UV Hybrids to meet the critical performance standards of high-tech industries worldwide. EPO-TEK®^® is a valued supply partner to advance industries including: semiconductor and microelectronic, medical device, military, automotive, optical, & aerospace 

(New York) – June 6, 2018- Arsenal Capital Partners (“Arsenal”), a leading private equity firm that invests in middlemarket specialty industrials and healthcare business services companies, announced today the acquisition of Epoxy Technology, Inc. (“Epoxy Tech”), a leading manufacturer of high-performance specialty epoxy, ultraviolet, and hybrid adhesives. 

Earlier this week, Arsenal announced the creation of Meridian Adhesives Group (“Meridian”) as its new platform in adhesives and sealants and the concurrent acquisition of Adhesives Technology Corporation, a leading specialty manufacturer of adhesives for the infrastructure and construction industries. 

“Everyone at Epoxy Tech is very excited about this new opportunity. We look forward to expanding the company’s ability to deliver premium adhesive products to our customers, and we feel fortunate to work with a partner such as Arsenal given its proven, significant experience in the specialty adhesives industry,” said Andy Horne, the President of Epoxy Tech.  

Roy Seroussi, an Investment Partner of Arsenal said, “Epoxy Tech has a long history of innovation. The acquisition of Epoxy Tech represents a further step in Arsenal’s strategy to build a leading adhesives and sealants business, offering customized and proprietary solutions to a global customer base.”  

Don Nolan, interim CEO of Meridian and the Chair of the board, said, “We look forward to the partnership with Epoxy Tech’s management and employees. Our strategy is to grow Epoxy Tech organically and through acquisitions to expand Meridian’s portfolio of great products.” 

Arsenal brings significant experience in the $60 billion global adhesives and sealants market, having previously built Royal Adhesives and Sealants through nine strategic acquisitions and creating a top ten global supplier of adhesives and sealants with sales in excess of $600 million annually. 
 
About Epoxy Technology 
Epoxy Tech, founded in 1966, is a pioneer in the development of specialty epoxy, ultraviolet, and hybrid adhesives to meet the critical performance standards of high-tech industries worldwide. Through product innovation and high manufacturing standards, EPO-TEK® is a valued supply partner to advanced technology industries and end markets, including semiconductor, microelectronics, medical devices, military, automotive, optical, solar and aerospace. The 
company is based in Billerica, MA. Visit www.epotek.com for more information. 
 
About Arsenal Capital Partners 
Established in 2000, Arsenal is a leading private equity firm that specializes in investments in middle-market specialty industrials and healthcare business services companies. Since inception, Arsenal has raised institutional equity investment funds of approximately $3 billion. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience and seeks companies typically in the range of $100 – $500 million of initial enterprise value. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. Visit www.arsenalcapital.com for more information. 

(Billerica, MA) – January 6, 2016- Epoxy Technology Inc, a leading manufacturer of high performance specialty epoxy, UV & Hybrid adhesives for 50 years, is pleased to announce our new line of UV Hybrid adhesives. Developed over several years of research along with advances in the industry, this specialty UV Hybrid line allows engineers to reach new levels of production/process improvement, as well as affording greater design flexibility. 

Joan Bramer, Global Sales & Marketing Director says, “We, at Epoxy Technology, Inc., are delighted to bring this new level of adhesive performance to the market.  Our formulators were able to provide these new adhesives, which offer a primary UV cure for tacking, followed by a secondary heat cure for completion. This unique combination affords engineering design in areas, once considered not able to be reached with conventional adhesive material.” 

For design specification ease, we have branded these new products with the “HYB” prefix. Our new UV Hybrid products are based on our widely known and used EPO-TEK® 353ND and 301 product lines and are available in a variety of rheologies. 

We are developing additional UV, UV Hybrids and UV Dual cure systems, to add to our extensive catalog of specialty adhesives. Celebrating in 2016, our 50 years in the industry, we are very proud of our record of product innovation and exceptional quality, solving even the most challenging customer adhesive applications daily. 

About Epoxy Technology 

Epoxy Technology, Inc., founded in 1966, is a pioneer in the development of Specialty Epoxy, UV & UV Hybrid adhesives to meet the critical performance standards of high-tech industries worldwide. Through product innovation and high manufacturing standards, EPO-TEK® is a valued supply partner to advanced technology industries including; semiconductor and microelectronics, medical devices, military, automotive, optical, solar and aerospace. 

EPO-TEK®^® is a registered trademark of Epoxy Technology, Inc. 

For more information on any of Epoxy Technology products or our listing of authorized distributors, visit the website at: epotek.com or contact directly at +1 978-667-3805