Covestro LLC, a leading producer of high-performance polymers in North America, has agreed to sell its North American spray polyurethane foam system house to Accella Polyurethane Systems LLC ("Accella"). Accella is a portfolio company of Arsenal Capital Partners. The sale is scheduled to be completed in the second quarter of 2017. Financial terms have not been disclosed. Located in Spring, Texas, Covestro's spray polyurethane foam business includes both commercial and production operations, serving North America as a leading producer of spray polyurethane foam that is used as insulation and roofing in the construction of commercial buildings and residential homes. The roughly 40 Covestro employees at the Spring facility will make a great fit with the Accella team. Operations will continue at the current facility with "business as usual" for a smooth transition for all customers. "The accomplishments of Covestro's spray polyurethane foam team cannot be overstated. Both technically and commercially, their contributions have helped grow spray polyurethane foam as a technology in the construction market. This divestiture will allow us to focus on our core business while allowing our spray polyurethane foam employees to continue to shape the industry as a part of Accella," said Jerry MacCleary, president of Covestro LLC. "This acquisition will significantly improve Accella’s position in the spray polyurethane foam market. The addition of a well-rounded product technology portfolio and a team of highly regarded industry experts will complement our current spray polyurethane foam business nicely. Moving forward, Accella intends to focus on investing in and growing our spray foam business to meet the needs of our valued customers with the best people, products and service in the industry," said Andy Harris, president and CEO of Accella. Chris Brink, Accella's VP of Polyurethane Systems, added "SPF is a very important area of business for our company with the value it brings to society. We will continue to raise the position of SPF as the preferred insulation choice in modern residential and commercial construction."