Accella acquires Zeus Tyrefill Systems

Tuesday 2nd September 2014 | 0 Comments
 

Accella Performance Materials, Inc., a manufacturer of polyurethanes, plastisols and recycled rubber products, has announced the acquisition of Zeus Tyrefill Systems GmbH (Zeus), manufacturer of tyre fill systems and flatproofing solutions for heavy duty industrial and “off the road” vehicles. Zeus will be a subsidiary of Accella Polyurethane Systems, further building the tyre fill business along with the Arnco and Pathway Performance Polymers subsidiaries. No price details have been revealed.

As one of the leading suppliers of tyre fill products and systems in Europe with over 30 years of innovation and product development, the Zeus purchase is designed to “enhance the global offering of the Accella tyre fill business”. The tyre fill products employ a proven and robust polyurethane-based compound which is pumped into the tyre’s air cavity through its normal air inflation port. So, especially versus solid tyres, which cause “solid shock” due to the direct transfer of vibration to both the operating equipment and the human operator, the tyre fill solution improves operator safety and comfort, and reduces tyre heat build-up, as well as reducing equipment maintenance costs by absorbing much of the extreme operating vibration. Tyres filled with the Accella tyre fill products ride like a pneumatic tyre, but provide the obvious advantage of making the tyre flatproof, even in the most demanding applications.

Accella CEO, Andy Harris, said, “The acquisition of Zeus represents a key next step in the strategic growth of our global polyurethane systems business, and especially with our focus on providing our customers in the tyre fill segments the greatest value through the best technology, service and convenient global locations. Zeus is a wonderful compliment to Arnco and Pathway within the Accella group.” The acquisition of Zeus represents the fourth acquisition of Accella since 2012.

John Televantos, a Partner at Arsenal Capital which acquired Accella in 2012, said, “We are very pleased to bring Zeus into the Accella group and with the progress of Accella overall, which has grown to over $300 million in revenue over the past 2 years. Zeus helps to strengthen the Accella polyurethanes platform. We are committed to the support and growth of Accella and will continue to invest in strategic opportunities that will further transform the business.”

Roy Seroussi, a Principal at Arsenal Capital said, “Zeus has a long history of proven products, innovation and positive reputation that fit very well with Accella’s history and culture. This will help support our customers’ growth and competitiveness, as we further expand the Accella polyurethane systems and tyre fill business.”

Martin Roesler, the former owner of Zeus who will continue as managing director of Zeus, said: “We are delighted to be part of the Accella tyre fill team. This combination brings together the best high performing products, people, services and equipment systems to provide our customers even greater value.”

Accella Performance Materials rebranded from Dash Multi-Corp which was founded in 1973 in St. Louis, MO. Accella describes itself as a leading manufacturer of custom formulated polyurethane systems, specialty vinyl plastisols and recycled rubber products. The polyurethane business is focused on tyre fill, foams, adhesives, sealants and elastomers. Primary end-use products for plastisols include caps and closures, adhesives and carpet/rug backings. The recycled rubber products business manufactures recycled tyre crumb, custom colored EPDM granules, equine matting, athletic flooring, playground surfacing and custom molded products. With the acquisition of Zeus, the company manufactures in 11 production facilities across the United States, two in Europe and one in China.

Zeus Tyrefill Systems GmbH is a leading manufacturer of polyurethane and related tyre fill products and systems which was owned and operated under Roesler Tyre Innovators GmbH since 1983 in Dortmund, Germany. The company has polyurethane manufacturing capabilities with a specialization in tyrefill systems primarily serving Europe, South Africa and Australia

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