Arsenal sells ATP Adhesive Systems to Henkel after expanding capacity, innovation, and global presence, positioning company for continued growth and advancement.
Arsenal Capital Partners, a middle-market private equity firm focused on developing industrial growth and healthcare businesses, has successfully finalized the sale of its portfolio company, ATP Adhesive Systems, to Henkel AG & Co. KGaA, a globally recognized German manufacturer of industrial and consumer products. While financial details of the transaction have not been disclosed, the deal marks a significant milestone for both organizations.
ATP Adhesive Systems, headquartered in Switzerland, is known for its advanced engineering capabilities in the production of high-performance adhesive tapes. The company serves a wide range of industries, including medical, electronics, automotive, and construction, offering specialized solutions tailored to demanding applications. With operations spanning across Europe and North America, ATP has built a reputation for delivering high-quality, technically sophisticated adhesive products that meet evolving customer requirements.
Arsenal Capital Partners first invested in ATP in 2022, with a clear objective of accelerating the company’s growth and strengthening its market position. During its ownership period, Arsenal implemented a series of strategic initiatives aimed at expanding ATP’s operational capabilities and product portfolio. This included increasing specialty tape production capacity at its facility in Germany, enabling the company to better serve growing demand in key sectors.
In addition to organic expansion, ATP pursued strategic acquisitions to enhance its technological capabilities and market reach. A notable step was the acquisition of Neschen Coating GmbH in Germany, which added complementary expertise and broadened ATP’s product offerings. Furthermore, the company invested in establishing a new manufacturing facility in the United States, reinforcing its presence in the North American market and improving supply chain efficiency.
Another key area of focus during Arsenal’s ownership was innovation. ATP strengthened its portfolio of high-performance, water-based adhesive technologies, aligning with industry trends toward more sustainable and environmentally friendly solutions. Investments were also made in research and development as well as advanced manufacturing processes, ensuring the company remained competitive in a rapidly evolving market landscape.
Jeremy Steinfink, Operating Partner at Arsenal, highlighted ATP’s transformation into a leading provider of specialty adhesive solutions, emphasizing its strong innovation capabilities and diverse market presence. He noted that the firm takes pride in having supported ATP’s growth journey and expressed confidence in the company’s future success.
Daniel Heini, CEO of ATP Adhesive Systems, acknowledged Arsenal’s role as a valuable partner, stating that its strategic guidance and industry expertise were instrumental in expanding ATP’s capabilities and strengthening its position across key markets. He expressed optimism about the company’s next phase under Henkel’s ownership, indicating that ATP is well-positioned to continue its growth trajectory.
Ryan Berman, Managing Director at Arsenal, added that ATP’s progress reflects the firm’s broader strategy of building differentiated, innovation-driven specialty materials businesses in collaboration with strong management teams. He also expressed confidence that Henkel is well-suited to support ATP’s continued development and long-term success.
With this acquisition, Henkel is expected to further enhance its portfolio in adhesive technologies, leveraging ATP’s capabilities to strengthen its position in high-growth, specialized markets.
