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Divestiture • Chemicals

Edgewater Capital Partners Acquires Royal Adhesives & Sealants

On November 13, 2001, private equity firm Edgewater Capital Partners acquired chemicals company Royal Adhesives & Sealants from Uniroyal Technology

Acquisition Context
  • This is Edgewater Capital Partners’ 2nd transaction in the Chemicals sector.
  • This is Edgewater Capital Partners’ 4th transaction in the United States.
  • This is Edgewater Capital Partners’ 1st transaction in Indiana.
Investment Fate
  • Royal Adhesives & Sealants was sold to a consortium of financial buyers in 2003.
  • Royal Adhesives & Sealants was sold to a consortium of financial buyers in 2010.
  • Royal Adhesives & Sealants was sold to a consortium of financial buyers in 2015.
  • Royal Adhesives & Sealants was sold to a publicly-traded strategic buyer in 2017 for 1.6B USD.

Explore All 631 Divestiture Chemicals Deals - Search the Database Free


M&A Deal Summary
Date November 13, 2001
Target Royal Adhesives & Sealants
Sector Chemicals
Buyer(s) Edgewater Capital Partners
Sellers(s) Uniroyal Technology
Deal Type Divestiture

Target Company

Royal Adhesives & Sealants

South Bend, Indiana, United States
Royal Adhesives & Sealants LLC is a producer of proprietary, high-performance adhesives and sealants. Royal offers a broad range of specialty formulated products designed to solve complex bonding, laminating and sealing applications across a diverse range of markets including aerospace and defense, construction, specialty packaging, automotive and industrial.
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Buyer Overview 1

Buyer

Edgewater Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
Size Middle-Market
Type Sector Focused
DESCRIPTION

Edgewater Capital Partners is a private equity firm focused on acquiring established, lower middle-market companies. Prospective investment situations include corporate divestitures, management buyouts, and family business liquidity. The Firm's industry preferences include highly-engineered manufacturing, specialty chemicals, specialty Industrials, Life Science. Edgewater Capital Partners was formed in 1982 and is based in Cleveland, Ohio.

Deal Context for Buyer #
Overall 4 of 31
Sector: Chemicals 2 of 11
Type: Divestiture 1 of 8
State: Indiana 1 of 1
Country: United States 4 of 30
Year: 2001 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-01 Lycus

El Dorado, Arkansas, United States

Lycus was known as Garrison Industries, Inc., a leading manufacturer and distributor of proprietary benzophenones and diphenylacrylates, utilized mainly as ultraviolet light inhibitors. Lycus was founded in 1988 and is based in El Dorado, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-01 Tractech

Madison Heights, Michigan, United States

Tractech, Inc. designs, engineers and manufactures traction modifying differentials and specialty clutches for a variety of non-automotive applications including specialty vehicle, military vehicle, construction equipment, medium duty truck and off-road aftermarket segments.

Buy -

Seller Profile 1

SELLER

Uniroyal Technology

Sarasota, Florida, United States
Category Company
Founded 1992
Sector Semiconductors
DESCRIPTION

Uniroyal Technology Corp. develops, manufactures, and sells a variety of Compound Semiconductor and Coated Fabrics.

Deal Context for Seller #
Overall 1 of 1
Sector: Chemicals 1 of 1
Type: Divestiture 1 of 1
State: Indiana 1 of 1
Country: United States 1 of 1
Year: 2001 1 of 1

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