Astorg and Arsenal Capital Partners announced that Astorg has partnered with management and signed a definitive agreement to acquire IGM Resins, a global manufacturer and innovator of ultraviolet curable materials, from Arsenal. The transaction is expected to close in the second quarter of 2018 and is subject to customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.
 
Headquartered in Waalwijk, the Netherlands, IGM is an independent global manufacturer of specialty photoinitiators. The company offers a platform of complementary UV curable material solutions (photoinitiators, acrylates, and additives) for the high growth UV coatings and inks market. IGM serves a diverse set of high-growth end-markets, including graphic arts (inkjet/3D printing, printings inks for low-migration food packaging), electronics, optical coatings, and adhesives.
 
“Astorg has significant experience in the specialty chemical sector and a broad and experienced team, which will ensure a seamless transition,” IGM CEO Edward Frindt said.