Arsenal Capital invests in US polyurethane foam company Peterson

Arsenal Capital invests in US polyurethane foam company Peterson

4:54 AM, 16th April 2016
Arsenal Capital invests in US polyurethane foam company Peterson

NEW YORK, US: Arsenal Capital Partners said it made a majority investment in Peterson Chemical Technology, a technology company specializing in polyurethane foam products through additives, specialty polyols, systems and applications development.

Fort Smith, Arkansas-headquartered, Peterson Chemical provides open-cell viscoelastic foam and gel-infused foam technologies, along with a wide range of specialty polyols and additives that have changed the look and performance of specialty bedding products throughout the world, Arsenal said.

Peterson Chemical will remain as an independent company within the Elite Comfort Solutions platform and operate as a separate business focused on specialty additives and chemicals.

Arsenal formed the Elite Comfort Solutions which includes investments in Pacific Urethanes LLC (Pacific Urethanes) and Elite Foam Inc. (Elite Foam), in March. Elite Comfort Solutions also agreed with Hickory Springs Manufacturing Co (HSM) to acquire certain of its foam production assets (HSM Foam).

“This transaction with Elite Comfort Solutions will enable Peterson Chemical to grow and expand its portfolio of technologies by accelerating investment in capacity, R&D capabilities and talent,” said Bruce Peterson, president of Peterson Chemical, who will continue to oversee the company. 

“Our intent is to commercialize new products more effectively around the world for the benefit of the bedding industry and the broader polyurethane market,” said John Televantos, a partner at Arsenal and co-head of the firm’s Specialty Industrials Group.

© Worldofchemicals News


Related Topic:

 Arsenal Capital acquires three firms, strengthens foam production assets

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