PE-backed Meridian buys Evans Adhesive
Summary
Today, Meridian’s portfolio includes high-performance specialty epoxy, polyurethane, and hybrid adhesives for the electronics, medical, construction, and infrastructure markets.Dan Pelton, CEO of Meridian, said, “Evans Adhesive’s portfolio of technologies, well-known brands and customer intimacy culture fits with Meridian’s philosophy and strategy.Roy Seroussi, an Investment Partner at Arsenal, added, “We are delighted to have Rusty and his employee base join the Meridian family.With headquarters centrally located in Columbus, Ohio and additional manufacturing facilities in Rancho Cucamonga California, the company has a well-established reputation in the industry, with an emphasis on customer satisfaction, product quality and timely delivery.Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience and seeks companies typically in the range of $100 – $500 million of initial enterprise value.