Meridian Adhesives Group announces third acquisition
Earlier this year, Arsenal Capital Partners created Meridian as its new platform in the global adhesives and sealants sector, focusing on high-value adhesives technologies. In May 2018, Meridian completed the acquisitions of Epoxy Technology and Adhesives Technology Corp. The acquisition of Taylor adds specialty flooring adhesives to Meridian’s portfolio, which currently includes high-performance specialty epoxy, polyurethane and hybrid adhesives for the electronics, medical, construction and infrastructure markets.
Dan Pelton joins Meridian as CEO
Roy Seroussi, an Investment Partner of Arsenal, said, “Consistent with our strategy to build Meridian with technology leaders, Taylor has become a category leader, delivering new technologies and product innovations to the flooring adhesives market for decades.” Don Nolan, Chair of Meridian’s board, added, “We welcome the Taylor team to Meridian and look forward to supporting Taylor’s continued growth into new markets and applications. We are also delighted to have Dan Pelton, Taylor’s CEO, join as the CEO of Meridian.”