Arsenal Acquiring Evonik's Global Colorants Business
March 07, 2012
Arsenal Capital Partners has entered into a definitive agreement to acquire Evonik Industries' colorants business. Evonik's Global Colorants Business makes paint for decorative end-use applications in the architecture sector and products for industrial applications, including maintenance, marine and timber coatings. New York-based private equity firm Arsenal invests in middle-market specialty industrial, healthcare and financial services companies.