Matrix Adhesives Group recently announced the launch of a North American adhesive and sealant manufacturing and packaging platform. It’s based on the recapitalizations of Guy Chemical Company LLC and Nuco, Inc. by Goldner Hawn — a partnership oriented private equity firm based in Minneapolis, MN.
Dan Horner, an industry veteran and Matrix CEO, partnered with Goldner Hawn and, together with the prior owners and the management teams at Guy Chemical and Nuco, holds an ownership stake in Matrix.
With manufacturing locations in Guelph, ON, Canada, and Somerset, PA, USA, Matrix is positioned as a top North American adhesive and sealant manufacturing and packaging partner, serving blue-chip customers across consumer and industrial markets.
“This new platform brings decades of domain and technical expertise in the adhesives and sealants market, and we are excited to support their organic and acquisition growth initiatives to continue to build this leading North American adhesive and sealant manufacturing and packaging platform,” said Horner.
Matrix offers its customers unique formulation, compounding, filling, and packaging capabilities through its state-of-the-art facilities, automated production lines, and mixing tanks.
Guy Chemical is a contract packager, manufacturer and formulator of adhesive and sealant products and value-added partner for a diverse group of blue-chip customers representing highly reputable brands across consumer and industrial markets. Guy Chemical sells its products primarily through OEM and distributor channels. Nuco is a manufacturer of sealants, foams, firestops, and adhesives serving long-standing, blue-chip customers across Canada and the U.S.
Nuco sells through OEM and distributor channels. The combined Matrix platform is led by Horner, with Guy Berkebile continuing to run and lead Guy Chemical, while Wendy Adams is leading Nuco’s operations, with continued involvement from prior coowner, Scott Gray.
“We are delighted to partner with Guy Berkebile, Wendy Adams and their teams at Guy Chemical and Nuco,” said Horner. “Guy Chemical and Nuco have built very impressive, customer-focused, businesses over the past 25-plus years, and we are pleased that they chose to join forces with Matrix Adhesives Group. Guy Chemical and Nuco share our philosophy of providing exceptional service, value, and superior adhesive solutions for our customers.”
Chad Cornell, partner at Goldner Hawn, added: “Goldner Hawn is excited about the combined capabilities of Guy Chemical and Nuco. We have a great team in place at Matrix, Guy Chemical and Nuco and are excited about the natural synergies for the platform. We will continue to pursue strategic acquisitions for the platform to expand capabilities and optionality for our core customer base.”