Arsenal Capital’s Accella acquires Premium Spray Products

Arsenal Capital’s Accella acquires Premium Spray Products

10:57 AM, 11th September 2015
Arsenal Capital’s Accella acquires Premium Spray Products

ST LOUIS, US: Arsenal Capital Partners Inc’s Accella Performance Materials, manufacturer of polyurethanes and recycled rubber products said it will acquire Premium Spray Products, manufacturer of spray foams for insulation and roofing as well as specialized polyurethane systems for niche applications.

Premium Spray Products, based in Marietta, GA and Regina, Saskatchewan will continue its product line and customer service as part of the Accella family.

“The acquisition supports Accella’s strategy to build the leading polyurethane systems house in North America. In combination, our nationwide manufacturing and technical sales network will bring enhanced value and services, as well as an expanded offering, to provide even more solutions to our customers,” said Andy Harris, president and CEO, Accella Performance Materials.

“With this strategic acquisition, Accella’s strength as a leading value added polyurethane systems house is even stronger by leveraging the combined technical knowledge, customer support and manufacturing capabilities,” said John Televantos, a partner at Arsenal Capital which acquired Accella in 2012.

“Premium Spray Products has a history of proven products, customer service and positive reputation that fits very well with Accella’s offering and culture,” said Roy Seroussi, a principal at Arsenal Capital.

“We are very excited about the potential to leverage the technical, financial and personnel resources from Accella across North America. We are pleased to become a strategic part of Accella, singularly focused on spray polyurethane systems and coatings,” said Mac Hess, president, Premium Spray Products, who will stay on with Accella.

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