Posted March 16, 2021

Applied Products Inc. acquired by Arsenal Capital Partners

Applied Products Inc., a portfolio company of Goldner Hawn, has been acquired by Arsenal Capital Partners.

Applied Adhesives, headquartered in Minnetonka, Minnesota, is a provider of adhesive solutions for the packaging, paper converting, graphic arts, bottle labeling, product assembly, and woodworking industries. The company is a value-added distributor of hot melt, water-based, and reactive adhesives as well as dispensing equipment. 

Since Goldner Hawn partnered with Applied Adhesives in 2017, the company has completed five acquisitions.

BlackArch Partners, a middle-market investment bank, served as the exclusive financial advisor for Applied Adhesives and Goldner Hawn.

"We are grateful for the outstanding support Goldner Hawn has provided us over the past four years," said John Feriancek, president and chief executive officer of Applied Adhesives. "As we look toward the future, we are thrilled to partner with Arsenal. With its backing, we will continue to execute on our growth initiatives and strive to be the adhesive solutions partner of choice for businesses throughout North America."

Applied Adhesives represents Arsenal's third platform investment in the adhesives and sealants market, following Arsenal's former investment, Royal Adhesives & Sealants, and its current investment, Meridian Adhesives Group.