Arsenal Capital Partners announced it has completed the sale of ATP Adhesive Systems, a Switzerland-based manufacturer of engineered adhesive tapes, to Henkel AG & Co. KGaA. Financial terms of the transaction were not disclosed.
ATP Adhesive Systems produces high-performance adhesive tapes used across medical, electronics, automotive, and construction markets, serving customers throughout Europe and North America. Arsenal Capital Partners initially acquired ATP in 2022 and expanded the business through capacity investments, acquisitions, and geographic growth.
During Arsenal’s ownership, ATP increased specialty tape production at its German facility, acquired Neschen Coating GmbH, and established a new U.S.-based production site. The company also advanced its portfolio of water-based adhesive technologies and invested in innovation and manufacturing capabilities to support growth.
ATP will now operate under Henkel AG & Co. KGaA, which is a global leader in adhesives, sealants, and coatings through its Adhesive Technologies division.
Morgan Stanley & Co. LLC served as financial advisor to ATP, and Kirkland & Ellis LLP acted as legal counsel.
KEY QUOTES:
“ATP has firmly established itself as a highly innovative manufacturer and provider of specialty water-based adhesive tape solutions serving a diverse set of markets. We are proud to have partnered with the company and management team during this period of meaningful growth, and we wish them continued success as they execute against their strategic business objectives.”
Jeremy Steinfink, Operating Partner, Arsenal Capital Partners
“ATP’s progress over the course of our partnership reflects Arsenal’s commitment to building innovation-driven, differentiated specialty materials platforms in tandem with strong management teams. We believe Henkel is an excellent partner to support the organization’s continued momentum, and we wish them all the best as they embark on this next chapter of their growth journey.”
Ryan Berman, Managing Director, Arsenal Capital Partners
“Arsenal has been a critical partner in our growth journey. The team’s expertise and support helped strengthen our capabilities and strategically expand our presence across key markets. We are well positioned to continue this progress alongside Henkel.”
Daniel Heini, CEO, ATP Adhesive Systems
