Pacific Avenue Capital Partners (“Pacific Avenue”), a Los Angeles-based private investment firm, has announced the recent establishment of Resin Solutions LLC (“Resin Solutions”). Resin Solutions has signed an agreement to acquire three product lines (Poly bd®, Wingtack®, and Dymalink®) developed by Cray Valley, which is the resin production affiliate of TotalEnergies.
The transaction, a carve out, includes four production sites in the United States, one production site in Italy, and global customer relationships across diversified end markets.
The three acquired product lines are prominent in functional additives market. Specifically, Poly bd® is used as a polyol for polyurethane in high-performance adhesives, sealants, and aerospace propellants.
Wingtack® is a tackifying resin used in various applications including packaging, tapes & labels, tires, construction sealants, and coatings. Dymalink® is a crosslinking co-agent used in golf balls, transmission belts, and other applications.
