Arsenal Capital Partners’ specialty polymers and additives platform, Polymer Solutions Group (PSG), acquired Flow Polymers LLC (Flow Polymers), a provider of specialty additives and dispersions to a number of polymer and plastics end markets, from Geneva Glen Capital..
Headquartered in Cleveland, Ohio, Flow Polymers is a leading manufacturer of proprietary and custom chemical dispersions, process aids and homogenizing agents for tyre, automotive, industrial products, wire and cable and plastics markets. Flow Polymers’ focus is the development and manufacture of unique products that meet customers’ current and future needs.
Sal Gagliardo, an Operating Partner in Arsenal’s Specialty Industrials Group, said, “Flow Polymers builds on our strategy to create a diversified leader of high-value niche solutions serving customers in the polymers and plastics end markets. Flow Polymers has a strong presence in automotive and industrial applications while Peach State Labs provides a number of unique technologies to the construction and lubricants market. We are excited to partner with Mike Ivany and his team to continue to grow the PSG platform.”
Mike Ivany, President and Chief Executive Officer of Flow Polymers, a veteran with over 30 years of experience in the chemical industry, will serve as President and Chief Executive Officer of PSG. Mike Ivany, said, “The management team at Flow Polymers is excited to be working with Arsenal on the PSG platform. Building on successful, long term growth and leveraging the technical expertise and market leadership of both Flow Polymers and Peach State Labs gives PSG a great foundation from which we will continue to grow.”
John Televantos, a Partner who co-heads Arsenal’s Specialty Industrials group, said, “We will continue to build on the Flow Polymers acquisitions by harvesting on new product launches and additional acquisitions that will enable PSG to better serve its existing customers and enter new markets.”