Greenville, SC – January 4, 2023: Palmetto Adhesives Company, LLC, today announced a strategic investment by a consortium led by Sidereal Capital Group, LLC, a private equity firm focused on growth oriented, middle market companies in the manufacturing and industrial services sectors.
Palmetto Adhesives is a rapidly growing manufacturer of hot melt and water-based adhesives that specializes in serving the needs of small, mid-sized and large customers across North America. Recent investments in its hot melt production capabilities have allowed the company to extend its reach into new markets. “This partnership with Sidereal provides us with the capital flexibility and strategic support we need to continue our growth initiatives without compromising the service levels that our customers have come to expect,” said Tom Wilson, President. “We believe that it will prove to be a transformative event for us.”
About Palmetto Adhesives Company
Founded in 1995 as a regional distributor of packaging products, Palmetto Adhesives Company, LLC has grown into a nationally recognized formulator and manufacturer of hot melt and water-based adhesives with production and warehousing sites in South Carolina, New Jersey, and California. Today, Palmetto offers a broad catalog of several product lines in addition to custom formulations to meet the individual needs of its diverse clientele of customers. For more information, please visit www.palmettoadhesives.com.
About Sidereal Capital Group
Sidereal Capital Group, LLC is a private equity firm that invests in lower middle-market companies providing differentiated products and/or services to well-defined, specialized niches. Sidereal has deep experience providing strategic, operational, and financial support to help family-owned businesses to expand operations, develop new product offerings and extend their reach into new and existing end markets. This represents Sidereal’s seventh platform investment. For more information, please visit www.siderealcapital.com.
112 Guess Street, Greenville, SC 29605 P.O. Box 2758, Greenville, SC 29602 800-572-5403
864-232-8865 864-232-4884
