Arsenal Capital unit buys specialty-chemicals firm Sasco

Arsenal Capital Partners, the New York private equity firm focused on healthcare and specialty-industrial businesses, said that a unit acquired Sasco Chemical Group Inc. Terms weren’t disclosed. Sasco, founded 1948, is the Albany, Georgia, producer of specialty chemicals for the rubber, wood, consumer and medical industries. Arsenal’s polymer-solutions group, which made the acquisition, was advised by Kirkland & Ellis. Twinbrook Capital and Kayne Anderson, the group’s current lenders, provided debt financing for the deal. Genesis Capital LLC was financial adviser to Sasco Chemical.

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