American Securities Acquires Hexion Holdings

Westlake Chemical Acquires Hexion's Epoxy Business

February 1, 2022

Manufacturing

Westlake Chemical Corporation completed the acquisition of Hexion's epoxy-based Coatings and Composite businesses (the "Epoxy Business") for approximately $1.2 billion. The transaction transfers Hexion's epoxy specialty resins, base epoxy resins and intermediates product lines to Westlake; Hexion will continue to operate its Adhesives and Versatic Acids and Derivatives product lines following the divestiture.

American Securities Acquires Meridian Adhesives Group from Arsenal Capital Partners

September 1, 2022

Manufacturing

An affiliate of American Securities LLC has acquired Meridian Adhesives Group from Arsenal Capital Partners, with the transaction completed in partnership with Meridian's management team and funds affiliated with Arsenal. Financial terms were not disclosed; Meridian, headquartered in Houston, Texas, operates 25 facilities, serves over 5,000 customers globally, and employs approximately 560 people.

Westlake Acquires Hexion's Global Epoxy Business for ~$1.2B

February 1, 2022

Manufacturing

Westlake Chemical Corporation completed the acquisition of Hexion Inc.'s global epoxy business for approximately $1.2 billion in an all-cash transaction. The acquired business—to be branded Westlake Epoxy and headquartered in Rotterdam—adds specialty epoxy resins, modifiers and curing agents that expand Westlake's coatings and composites capabilities for end markets such as wind energy, automotive and aerospace.

H.B. Fuller Acquires Adhezion Biomedical and XCHEM International

June 22, 2023

Manufacturing

H.B. Fuller Company completed two strategic acquisitions: Adhezion Biomedical, a U.S. medical adhesives business, and XCHEM International, a UAE-based specialty adhesives and coatings manufacturer. The deals expand H.B. Fuller’s capabilities in medical/topical skin-bonding adhesives and establish its first manufacturing presence outside the U.S. for its Construction Adhesives (CA) business, contributing an estimated $17 million in revenue and $2 million in adjusted EBITDA for fiscal 2023.

Meridian Adhesives Group Acquires American Sealants Inc.

December 7, 2021

Manufacturing

Meridian Adhesives Group has acquired American Sealants Inc. (ASI), a Fort Wayne, Indiana-based manufacturer of product assembly adhesives and sealants. ASI will join Meridian's Industrial Division to broaden the group's product assembly capabilities and expand its packaging and private-label offerings.

H.I.G. Capital Affiliate Acquires Covestro's European Polyurethane Systems Business (Plixxent)

January 17, 2019

Manufacturing

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire Covestro AG's European Polyurethane Systems business in a carve-out transaction, with closing expected in the second half of 2019 pending regulatory clearance. The business — operating four systems houses across Germany, Denmark, the Netherlands and Spain and employing ~250 people with ~€230m sales — will be run independently (to operate as Plixxent) and used as a platform for pan‑European expansion and add-on acquisitions.