Arsenal Acquires Applied Adhesives from Goldner Hawn News provided by Share this article Share this article NEW YORK and MINNEAPOLIS, March 16, 2021 /PRNewswire/ -- Goldner Hawn, LP ("Goldner Hawn") announced the sale of Applied Products, Inc. ("Applied Adhesives"), a leading manufacturer and value-added distributor of adhesive products and thermal product solutions in North America, to Arsenal Capital Partners ("Arsenal"). The terms of the transaction were not disclosed. Applied Adhesives is a comprehensive provider of adhesive solutions for the packaging, paper converting, graphic arts, bottle labeling, product assembly, and woodworking industries. The company is a value-added distributor of hot melt, water-based, and reactive adhesives as well as dispensing equipment. Applied Adhesives serves as a critical supply chain partner to leading adhesive manufacturers and formulators by offering reach and high service levels to an expansive customer base. Since Goldner Hawn partnered with Applied Adhesives in 2017, the company has completed five acquisitions.