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Arsenal Meridian Acquires E-Chem

July 14/2020

MOSCOW (MRC) -- Meridian Adhesives Group (Dalton, Georgia), owned by private equity firm Arsenal Capital Partners, has acquired E-Chem (Albuquerque, New Mexico), a maker of epoxy polymer products for concrete, said Chemweek.

The products are used in the preservation, rehabilitation, repair and structural support of concrete surfaces and structures, including applications for epoxy bridge deck overlays and high-friction surface treatment. End markets include transportation authorities, petrochemical processing, renewable energy, non-residential concrete construction and parking-structure rehabilitation. "We are looking forward to expanding our business more aggressively in the infrastructure market, and I am confident the skilled team at E-Chem will drive value to that endeavor, said Daniel Pelton, CEO of Meridian Adhesives Group. E-Chem will become part of Meridians infrastructure division, which also includes Adhesives Technology Corp., a maker of construction and industrial-related adhesives in epoxies, urethanes, acrylics, ester blends and polyureas.

"Joining Meridians expert technology team is an exciting step for E-Chem, said James High, president of E-Chem, who founded the firm 2012. "Our continuous pattern of growth will be bolstered even further by the groups extensive distributor network."

As MRC informed earlier, Russia's output of chemical products rose by 4.4% year on year in May 2020 . Thus, production of basic chemicals increased year on year by 5.4% in the first five months of 2020. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the output in January-May. Production of benzene was 110,000 tonnes in May 2020, which equalled the figure a month earlier. Overall output of this product reached 615,000 tonnes over the stated period, up by 1.7% year on year.
Author:Anna Larionova
Tags:petroleum products, petrochemistry.
Category:General News
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