PRO-SET Formulated Resin Systems Acquires Wessex Resins and Adhesives Ltd.

PRO-SET Formulated Resin Systems Acquires Universal Chemicals and Coatings, Inc.

January 27, 2026

Manufacturing

PRO-SET Formulated Resin Systems, LLC (a holding of Iron Path Capital) has acquired Universal Chemicals and Coatings, Inc. (UNICHEM), a family-owned manufacturer of industrial coatings, laminating adhesives and container linings. The deal expands PRO-SET’s formulated coatings and laminating adhesive capabilities as an add-on to its growing resin systems platform; financial terms were not disclosed.

Polytek Development Corp. Acquires Specialty Resin & Chemical

September 7, 2021

Manufacturing

Polytek Development Corp., a portfolio company of Arsenal Capital Partners, acquired Specialty Resin & Chemical, a Dowagiac, Michigan–based supplier of mold making, casting, and coating resins. Daniel Wilson, the owner of Specialty Resin & Chemical, will remain in an active role; Genesis Capital served as financial advisor to Polytek.

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.

Eastman Chemical to Sell Adhesives Resins Business to Synthomer plc

October 28, 2021

Manufacturing

Eastman Chemical Company (NYSE: EMN) entered into a definitive agreement to sell its adhesives resins assets and business to Synthomer plc for $1.0 billion in cash. The transaction is expected to close in the first quarter of 2022, subject to regulatory approvals and customary closing conditions.

APPLIED Adhesives Acquires Engineered Adhesive Systems

July 14, 2022

Industrial Services

APPLIED Adhesives, a North American custom adhesive solutions provider headquartered in Minnetonka, Minnesota, has completed the acquisition of Engineered Adhesive Systems, a Grandville, Michigan-based supplier of adhesives and adhesive dispensing equipment. The deal expands APPLIED's product and equipment capabilities and strengthens its regional service and technical support for industrial customers.

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.