Crain News Service
NEW YORK (May 2, 2013) — Arsenal Capital Partners, a New York-based investment group, has acquired Pathway Polymers and Arnco Inc., both producers of polyurethane tire fill material, through Dash Multi-Corp., a St. Louis polymers processor that Arsenal bought last year.
Financial terms were not disclosed.
Arsenal purchased Pathway from Vita Group, an English polymers processing company, and Arnco from its owners.
Both Arnco and Pathway will operate under the Dash umbrella with Pathway becoming part of Dash's tire fill operation in the Polyurethane Systems Business Unit.
Dash focuses on the specialty technologies of polyurethane systems, vinyl plastisols and recycled rubber products.
Chattanooga, Tenn.-based Pathway is the inventor of TryFil, a polyurethane tire fill material used to flatproof tires. It also owns the patent on AutoFil Recycler System used in the aftermarket sector and the OE AutoFil Recycler System designed for original equipment manufacturers.