Accella Announces Acquisition of Quadrant's Spray Foam Division

ST. LOUIS, MO – March 10, 2016 – Accella Performance Materials (Accella), a leading manufacturer of polyurethanes and recycled rubber products, announced the acquisition of Quadrant Urethane Technologies Spray Foam Division (Quadrant Spray Foam).  Quadrant Spray Foam, a leading manufacturer of spray foams for insulation, is based in McKinney Texas, and will continue to provide its line of high performance products and become part of the Accella family. Accella is backed by Arsenal Capital Partners (Arsenal) since 2012.

"The combination provides a strong product portfolio of spray foam system solutions and services, allowing us to further expand our foot print in spray foam insulation and deliver even more value for our customers. We are very pleased to have Robert Jamieson and his team join Accella," remarked Andy Harris President and CEO of Accella Performance Materials. Robert Jamieson will take on the primary leadership role of Accella's growing spray foam business unit.

John Televantos, a Partner who co-heads Arsenal's Specialty Industrials, said, "We are very pleased to bring the Quadrant spray foam business into the Accella group. With this strategic acquisition, Accella's position as the leading independent Polyurethane Systems House is even stronger by leveraging the combined technology, manufacturing and customer support across the group."

Roy Seroussi, a Principal at Arsenal said, "Quadrant Spray Foam brings a strong reputation for high quality products and customer service that combines synergistically with Accella's offering and culture to better meet the needs of customers."

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Robert Jamieson, Quadrant's owner said, "We are very pleased to see this great combination come together to be an even better supplier for our customers. Quadrant will continue to serve its customer base with innovative products and leverage Accella manufacturing and technology capabilities to build on its brand success. Accella is a great home for Quadrant's spray foam team and technology."

"The combination of Accella with Quadrant Spray Foam and the prior inclusion of Premium Spray Products, Burtin Polymer Labs and Coating & Foam Solutions provides innovation, scale and speed that makes Accella the industry leader in Spray Foam for insulation and roofing.  The opportunity to better support our customers is truly exiting", remarked Chris Brink Vice President of Accella Polyurethane Systems.

About Quadrant: Founded in 1970 in Dallas, Texas, Quadrant is a leading manufacturer and toll producer of epoxy & urethane systems and specialty fluids, focused in the Automotive, Coatings and Spray Foam Insulation markets. Quadrant operates two production sites in North Texas. To learn more about Quadrant go to www.quadrantchemical.com

About Accella Performance Materials: Accella is a leading manufacturer of custom formulated polyurethane systems, and recycled rubber products formed from the strategic combination of Dash Multi-Corp, MarChem, Arnco, Pathway Polymers, Ultimate Systems, RB Rubber, IPS Polymer Systems, Zeus, Premium Spray Products, Coating & Foam Solutions and Burtin Polymer Labs.  The polyurethane business is focused on foams, coatings, adhesives, tire fill, sealants and elastomers. The recycled rubber products business manufactures recycled tire crumb, custom colored EPDM granules, custom and rolled matting, equine matting, athletic flooring, playground surfacing and various custom molded products. The company manufactures in nine production facilities across the United States, one in Europe and one in China. For additional information, please visit www.accellapolyurethanesystems.com.

About Arsenal Capital Partners: Formed in 2000, Arsenal Capital Partners is a leading New York-headquartered private equity firm that invests in middle-market specialty industrial and healthcare companies. Arsenal makes investments in sectors where the firm has significant prior knowledge and experience. The firm targets businesses that have the potential for further value creation by working closely with management to accelerate growth and leverage the firm's operational improvement capabilities. Arsenal currently has $2.3 billion of committed equity capital.