Velco Acquired by Arsenal | Manufacturing M&A Deal

Arsenal has acquired Velco, a industrial equipment business in New York, for an undisclosed amount. Velco provides specialty hook solutions used in industrial manufacturing applications, supporting equipment fastening and material handling needs. Arsenal acquisitions in manufacturing M&A aim to expand industrial equipment capabilities and strengthen NY acquisitions in industrial components. The Arsenal acquisition is structured as a platform acquisition backed by private equity acquisition strategy, with the Cripps Foundation continuing as a significant minority shareholder after close.