Polymer Adhesives Holdings Acquired by DiversiTech | Industrials M&A Deal

DiversiTech has completed the acquisition of Polymer Adhesives Holdings, a industrial services other business in Texas, for $2.2 billion. Polymer Adhesives Holdings manufactures high-performance sealants and adhesives used in HVAC ductwork, and also produces fire-protection materials from its Mineral Wells, Texas operations. DiversiTech acquisitions in the heating, ventilation and air conditioning value chain expand industrials M&A capabilities through HVAC-related adhesive and sealing products. The private equity acquisition is structured as a bolt on acquisition within DiversiTech’s industrials deals TX strategy, with Polymer Adhesives Holdings having completed two smaller add-on acquisitions during the seller’s ownership.