Arsenal Capital Partners Completes Sale of ATP Adhesive Systems to Henkel

NEW YORK, April 1, 2026 /PRNewswire/ -- 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.

About Arsenal Capital Partners 
Arsenal Capital Partners ("Arsenal") is a private equity investment firm that specializes in building market-leading industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds totaling over $10 billion, completed more than 300 platform and add-on acquisitions and achieved more than 35 realizations. Driven by our commitment to unlock potential in people, businesses and technologies, the firm partners with management teams to build strategically important companies with leading market positions, high growth and high value-add. For more information, visit www.arsenalcapital.com.

About ATP Adhesive Systems 
ATP Adhesive Systems AG has been a pioneer in the development of high-performance, solvent-free adhesive tapes for over 30 years. With production sites in Germany, USA and the UK, and headquarters in Switzerland, ATP serves a broad range of industries, providing tailor-made adhesive tape solutions that meet the highest standards of sustainability and quality.

About Henkel 
With its brands, innovations and technologies, Henkel holds leading market positions worldwide in the industrial and consumer businesses. The business unit Adhesive Technologies is the global leader in the market for adhesives, sealants and coatings. With Consumer Brands, the company holds leading positions especially in laundry & home care and hair in many markets and categories around the world. The company's three strongest brands are Loctite, Persil and Schwarzkopf. In fiscal 2024, Henkel reported sales of more than 21.6 billion euros and adjusted operating profit of around 3.1 billion euros. Henkel's preferred shares are listed in the German stock index DAX. Sustainability has a long tradition at Henkel, and the company has a clear sustainability strategy with specific targets. Henkel was founded in 1876 and today employs a diverse team of about 47,000 people worldwide – united by a strong corporate culture, shared values and a common purpose: "Pioneers at heart for the good of generations."

Contact for Arsenal:

Ellen Pavlovsky
[email protected]

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SOURCE Arsenal Capital Partners