April 03, 2026 [Yahoo Finance]- Arsenal Capital Partners (“Arsenal”), a middle-market private equity firm specializing in building industrial growth and healthcare companies, today announced the completion of the sale of its portfolio company, Swiss-based ATP Adhesive Systems (“ATP”), to Henkel AG & Co. KGaA (“Henkel”), a publicly traded German manufacturer of industrial and consumer products. The terms of the transaction were not disclosed.

ATP Adhesive Systems is a global manufacturer of engineered, adhesive tapes for medical, electronics, automotive, and construction end markets. The company provides high-quality, technical solutions to customers across Europe and North America.

Arsenal initially invested in ATP in 2022. During Arsenal’s ownership, the company expanded its manufacturing footprint through the investment in additional specialty tape capacity at its German facility, the strategic acquisition of Neschen Coating GmbH in Germany, and the development of a new U.S.-based production facility. ATP also strengthened its portfolio of high-performance, water-based adhesive technologies and invested in innovation and manufacturing capabilities to support its continued growth trajectory.

Jeremy Steinfink, Operating Partner of Arsenal, said, “ATP has firmly established itself as a highly innovative manufacturer and provider of specialty water-based adhesive tape solutions serving a diverse set of markets. We are proud to have partnered with the company and management team during this period of meaningful growth, and we wish them continued success as they execute against their strategic business objectives.”

“Arsenal has been a critical partner in our growth journey,” stated Daniel Heini, CEO of ATP Adhesive Systems. “The team’s expertise and support helped strengthen our capabilities and strategically expand our presence across key markets. We are well positioned to continue this progress alongside Henkel.”

Ryan Berman, Managing Director of Arsenal, commented, “ATP’s progress over the course of our partnership reflects Arsenal’s commitment to building innovation-driven, differentiated specialty materials platforms in tandem with strong management teams. We believe Henkel is an excellent partner to support the organization’s continued momentum, and we wish them all the best as they embark on this next chapter of their growth journey.”

Morgan Stanley & Co. LLC acted as financial advisor to ATP and Kirkland & Ellis LLP served as legal counsel.