TruArc Partners Acquires Matrix Adhesives Group

Matrix Adhesives Group (Goldner Hawn Portfolio) Acquires Roman Products from Salt Creek Capital

January 7, 2025

Manufacturing

Matrix Adhesives Group, a portfolio company of private equity firm Goldner Hawn, has acquired ROMAN Products, LLC — a Calumet City, Illinois-based manufacturer of wallcovering adhesives — from Salt Creek Capital. The transaction is an add-on acquisition to Matrix’s adhesives platform intended to integrate Roman’s product portfolio, manufacturing and packaging capabilities into Matrix’s broader offerings.

Matrix Adhesives Group (Goldner Hawn portfolio) Acquires Adaseal International

April 12, 2022

Manufacturing

Matrix Adhesives Group, a portfolio company of Goldner Hawn, has acquired Adaseal International. The acquisition adds Adaseal’s Waverly, Tennessee-based private-label packaging and RTV silicone/sealants manufacturing capabilities to Matrix’s platform, expanding its formulating, compounding, manufacturing and packaging services.

Goldner Hawn Recapitalizes Guy Chemical and Nuco to Form Matrix Adhesives Group

January 31, 2022

Manufacturing

Goldner Hawn recapitalized Guy Chemical and Nuco to create Matrix Adhesives Group, a North American adhesives and sealants manufacturing and packaging platform. Churchill Asset Management provided an equity co-investment and industry veteran Dan Horner joined as CEO and a management investor. The combined platform operates manufacturing locations in Somerset, Pennsylvania (USA) and Guelph, Ontario (Canada) serving blue-chip customers across consumer and industrial markets.

Matrix Adhesives Group (Goldner Hawn) Acquires Lohnpack Contract Filling

April 12, 2022

Manufacturing

Matrix Adhesives Group, a portfolio company of Goldner Hawn, has acquired Lohnpack Contract Filling, Inc., a Hamilton, New Jersey-based contract filler and packager. The acquisition expands Matrix’s formulating, filling, manufacturing and packaging capabilities—adding Lohnpack’s 46,000 sq. ft. facility and specialized plural-component filling expertise.

TruArc Partners Invests in New Directions Aromatics

February 15, 2022

Consumer Products

TruArc Partners, a U.S.-based middle-market private equity firm, has made a strategic investment in New Directions Aromatics, a Toronto-area supplier of natural and organic raw materials to the cosmetics, health & beauty and personal care markets. The partnership will provide capital and operating support to expand capabilities, pursue add-on acquisitions, and accelerate growth; TruArc operating partners Don Sturdivant and John Schweig will join New Directions' board as co-chairmen.

TruArc Partners Acquires Molded Devices

August 8, 2022

Manufacturing

TruArc Partners, a New York–based private equity firm, acquired Molded Devices, Inc., a Tempe, Arizona–headquartered manufacturer of precision plastic and rubber components, from PNC Mezzanine Capital and founder Brian Anderson. TruArc said the acquisition supports its specialty manufacturing strategy and will help deepen Molded Devices' capabilities and exposure to the medical OEM market.