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Covestro LLC Sells Spray Polyurethane Foam Business to Accella

Posted By ASC, Wednesday, February 22, 2017

Covestro LLC has agreed to sell its North American spray polyurethane foam system house to Accella Polyurethane Systems LLC (“Accella”). Accella is a portfolio company of Arsenal Capital Partners. The sale is scheduled to be completed in the second quarter of 2017. Financial terms have not been disclosed.


Covestro’s spray polyurethane foam business is located in Spring, Texas. The roughly 40 Covestro employees at the Spring facility will be offered the opportunity to become Accella employees. Operations will continue at the current facility.

“The accomplishments of Covestro’s spray polyurethane foam team cannot be overstated. Both technically and commercially, their contributions have helped grow spray polyurethane foam as a technology in the construction market,” said Jerry MacCleary, president of Covestro LLC. “This divestiture will allow us to focus on our core business while allowing our spray polyurethane foam employees to continue to shape the industry as a part of Accella.”

 

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