Polymer Adhesives Holdings Acquires Fielco Adhesives

DalFort Portfolio Companies Key Polymer and Polymer Adhesives Complete Two Add-on Acquisitions

July 2, 2025

Manufacturing

DalFort Capital Partners' portfolio companies completed two add-on acquisitions: Key Polymer Holdings acquired Durant Performance Coatings (Revere, MA) and Polymer Adhesives Holdings acquired Volunteer Adhesives (Lafayette, TN). Both deals expand the platforms' manufacturing footprints and product portfolios across industrial, infrastructure, marine and packaging end-markets.

DalFort Capital Partners (via Key Polymer) Acquires Unichem, Inc.

October 14, 2021

Manufacturing

DalFort Capital Partners, through its affiliate Key Polymer Holdings, LLC (Key Polymer), has acquired Unichem, Inc., a Haw River, North Carolina-based manufacturer of specialty adhesives and custom-formulated chemicals. The acquisition is an add-on to Key Polymer intended to create operational synergies and strengthen the combined companies' position across multiple end markets including automotive, construction and consumer products.

EUKALIN Corporation Acquires Adhesives Specialists, Inc.

August 8, 2022

Manufacturing

EUKALIN Corporation, part of the family‑owned EUKALIN Group, acquired all assets of Adhesives Specialists, Inc., including the Allentown, Pennsylvania manufacturing facility and real estate. The acquisition expands EUKALIN’s North American manufacturing footprint and adds water‑based and hotmelt adhesive capabilities to better serve packaging and labeling customers across the United States.

APPLIED Adhesives Acquires In-Line Finishing Solutions, LLC

September 7, 2022

Industrial Services

APPLIED Adhesives, a Minnetonka-based adhesive distributor, has completed the acquisition of Chicago-based In-Line Finishing Solutions, LLC. The purchase brings specialty adhesive and coating distribution capabilities for the Direct Mail and Label Converting markets into APPLIED’s platform to expand technical capability and customer support.

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.

Chroma Color Corporation Acquires Ferco Color

October 21, 2025

Manufacturing

Chroma Color Corporation, a portfolio company of Arsenal Capital Partners, has acquired Ferco Color, a custom manufacturer of colorants, additives, and specialty compounds based in Chino, California. The undisclosed-term transaction expands Chroma's West Coast manufacturing footprint and broadens its colorant and additive technology capabilities, leveraging Ferco's on-site analytical laboratory and customer base across medical, packaging, aerospace and other end markets.