MISSISSAUGA, ON – Teachers’ Private Capital, the private investment arm of the Ontario Teachers’ Pension Plan, has completed the purchase of specialty resins and paper overlays producer Dynea North America from Dynea Chemical Oy of Finland. Terms of the sale were not disclosed.

Effective immediately, Dynea North America is an independently managed company and will be renamed Arclin, a leading provider of bonding and surfacing solutions. With annual sales of more than $650 million and more than 750 employees across 15 facilities in the United States, Canada and Mexico, Arclin supplies specialty resins and paper overlays to a variety of markets, including engineered wood and panels, building materials and specialty industrial applications.

Arclin will retain its executive management team with more than 60 years experience in the engineered materials industry, led by Garry McClean, president and CEO.

“We’re excited to begin a new era as an independent company focused solely on the needs of our valued customers and suppliers in North America,” McClean said. He noted that there should be no disruption in day-to-day business during the transition."

McClean added that the Arclin name and “Performance Applied” tag line, which will be transitioned over the next two months, reflects the company’s goal to bridge supply and value chains as an innovative solutions provider.