Polymer Solutions Group (PSG), part of US private equity group Arsenal Capital Partners, has acquired Flow Polymers, a leading specialty additives and dispersions producer.

Flow Polymers was sold by Geneva Glen Capital, another US private equity firm, for an undisclosed sum.

Sal Gagliardo, an operating partner in Arsenal’s Specialty Industrials Group, said the acquisition of Flow Polymers builds on its strategy to create a diversified leader of high-value niche solutions serving the polymers and plastics markets.

PSG was formed in June 2015 with Arsenal’s purchase of Peach State Labs, a leading specialty polymers and performance chemicals provider. Gagliardo said: “Flow Polymers has a strong presence in automotive and industrial applications while Peach State Labs provides a number of unique technologies to the construction and lubricants market.”

John Televantos, an Arsenal partner and co-head of the Specialty Industrials group, added: “We will continue to build on the Flow Polymers acquisitions by harvesting on new product launches and additional acquisitions that will enable PSG to better serve its existing customers and enter new markets.

Mike Ivany, president and CEO of Flow Polymers, will become president and CEO of PSG.