Arsenal Capital Partners, a New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies, has acquired International Fiber Corporation (IFC), a supplier of cellulose‐based insoluble fiber products for food and industrial applications globally. Prior to close of this acquisition, IFC was a portfolio company of Swander Pace Capital.
Founded in 1917, and headquartered in North Tonawanda, NY, in industrial applications, IFC’s fiber is used to thicken paints, strengthen rubber used in industrial hoses and belts, for filtration as well as to control viscosity in thermoplastics. IFC has operating facilities in North Tonawanda, NY, Urbana and Oberlin, OH, Nitro, WV and Temse, Belgium.
Arsenal senior advisor Ken Blackburn will assume the position of CEO of IFC.