Arsenal Capital Partners Acquires the Designed Structures and Solutions Segment of PolyOne Corporation

NEW YORK, July 19, 2017 /PRNewswire/ -- Arsenal Capital Partners (Arsenal), a leading New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies, announced today the acquisition of PolyOne Corporation's (NYSE: POL) (PolyOne) Designed Structures and Solutions segment which will be renamed Spartech LLC. 

Headquartered in Maryland Heights, MO, Spartech provides packaging, visual and structural sheet and rollstock materials and specialty products for the food, medical, building and construction, aerospace, automotive and other markets.  Spartech was acquired by PolyOne in 2013, and included the extrusion and packaging segment as well as a compounding and masterbatch segment (which was integrated into other PolyOne segments and remains a part of PolyOne).  The newly formed Spartech has a network of 15 manufacturing facilities strategically located throughout the U.S. and includes established brands like Polycast, Royalite and SoundX. 

Joining the Company as CEO and President is Arsenal's Senior Advisor George Abd who will be joined in the leadership team by CFO Bob Robison, both St. Louis residents with extensive experience building private equity owned packaging and industrial businesses.  Mr. Abd was an executive of the former Spartech Corporation for approximately 10 years including as its CEO until departing in 2007.  Other current members of the DSS leadership team will remain in their positions as the business moves forward as an independent entity.

Mr. Abd stated, "We are very excited to invest in Spartech as a platform for organic and inorganic growth in its key markets.  We also believe strongly that, as a private company, Spartech can offer customers the speed, responsiveness and service demanded by its markets.  We are excited to return to the Spartech name and its great customer focused heritage, including the commitment to work hard and drive great service for our customers every day."

"We have been fortunate to have had the opportunity to work with George over the last year on shaping our plastics and packaging strategy and were excited to work with him to carve out Spartech into an independent company," said Tim Zappala, a Partner at Arsenal and Co-Head of the firm's Specialty Industrials Group.  "We are very enthusiastic for the prospects of Spartech under George's leadership, along with exceptional talent already within the business, and are encouraged we can leverage this acquisition as a broader platform with future acquisitions."   

About Arsenal Capital Partners

Established in 2000, Arsenal Capital Partners is a leading New York based private equity firm that specializes in investments in middle market specialty industrials and healthcare companies. Since inception, Arsenal has raised institutional equity investment funds of approximately $3 billion. 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.  The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add.  For additional information on Arsenal Capital Partners, please visit www.arsenalcapital.com.

For more information and future updates please see the company news section at www.spartech.com

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SOURCE Arsenal Capital Partners