Arsenal strengthens PU foam business with Covestro unit acquisition

New York – Arsenal Capital Partners has made another polyurethane foam deal, this time buying part of Covestro LLC’s business in that market for an undisclosed price.

Arsenal is making the deal through its Accella Polyurethane Systems LLC unit. The transaction includes certain assets of Covestro’s North American spray PU foam business, which is located in Spring, Texas. The sale is expected to be finalized in the second quarter.

The acquisition “will significantly improve Accella’s position in the spray polyurethane foam market and is another strategic step…

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