BRIEF: Private equity firm to buy Dash Multi-Corp
Dec 20, 2012 (Menafn - St. Louis Post-Dispatch - McClatchy-Tribune Information Services via COMTEX) --Arsenal Capital Partners, a private equity firm in New York, said Thursday it has a deal to buy Maryland Heights-based Dash Multi-Corp Inc., a maker of formulated polyurethane, vinyl plastisol, specialty coatings and recycled rubber products.
Founded in 1973 by Marvin Wool, Dash has annual sales of more than 100 million, Arsenal Capital said. Terms of the acquisition were not disclosed.
Dash has seven U.S. manufacturing plants serving two primary businesses--MarChem, a maker of a variety of plastic products, and the recycled rubber business. Arsenal said Dash also manages one of the nation's largest tire recyclers.
Concurrent with the acquisition by Arsenal, Dash's coated fabrics operations will become a separate entity owned by Marlen Textiles Inc., Arsenal said.
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