Meridian Adhesives Buys John P. Kummer
Meridian Adhesives has acquired the adhesives division of John P Kummer (JPK), a leading European distributor of specialty products for the electronic and medical markets. Financial terms of the acquisition, which is expected to close on Apr. 30, have not been disclosed.
JPK’s adhesives division will be combined with Meridian-owned Epoxy Technology Europe. The equipment division of JPK that serves the semiconductor and related industries is not included in the transaction and will continue operating as a separate entity.
Commenting on the deal, Daniel Pelton, CEO OF Meridian Adhesives, said: “We are looking forward to growing our business more aggressively in the European market with Epoxy Technology Europe leading the way.”
Nicolas Schwarz, JPK’s managing director, said the acquisition will serve as a bridge between Meridian and European markets, giving customers a broader selection of products and more direct access to manufacturers by way of Meridian’s extensive technological platform.
“Joining Meridian will allow us to open the gate to a much wider and diversified portfolio,” said Schwarz, who will become managing director of Epoxy Technology Europe.
Private equity investor Arsenal Capital Partners formed Meridian in May 2018 as a platform to acquire adhesives and sealants companies, focusing on high-value adhesives technologies. The first acquisitions of Adhesives Technology Corp and Epoxy Technology in May 2018 were swiftly followed by W.F. Taylor in September 2018, Evans Adhesive in December 2018, PolyCom in July 2019 and Epoxies, Etc. in August 2019.
