Arnco Acquired by Private Equity Firm

Arsenal Capital Partners has acquired polyurethane product producer Arnco.

Established in 1971 and based in South Gate, Calif., Arnco operates through five main business units: Arnco Tire Flatproofing; Arnco Performance Polymers; Carefree Tire; Arnco Construction Products; and Arnco Europe, based in Manchester, England.

Arnco has production facilities in South Gate; Berea, Ohio; Manchester; and Jiaxing City, China.

Arsenal Capital Partners is a New York-based private equity firm; it acquired polyurethane and specialty materials producer Dash Multi-Corp Inc. in December 2012.

“Arnco has a long history of innovation in the polyurethane market, providing great solutions and service to its customers,” said John Televantos, a partner at Arsenal Capital. “The combination of Dash and Arnco represents an important milestone in our strategy to further build a leading polyurethane business offering a broad portfolio of products and technologies that serve multiple end markets.”

Larry Carapellotti, who continues as president of Arnco, said, “The combination positions us to better serve our customers globally and to expand our product offerings into existing and new markets. The companies are highly complementary and both become better – together as one.”

Ascot Supply Corporation, based in Newnan, Georgia, has selected Mark Paquette for the newly created position of vice president. In this position, Ascot Supply said Paquette will oversee the growth of the company's products, corporate profitability, manage marketing and advertising and assume many other responsibilities.

He will work under the direction of current President David Kessler and officially begin his new role on June 3. Paquette joined the tire and automotive industry in the early 1980s at his father's tire shop, and his contributions to Mohawk Rubber Sales were instrumental in the company's growth and eventual sale to Myers Tire Supply in 2021, according to Ascot Supply. Paquette eventually was given a promotion to the role of director of operations at Myers Tire Supply.