# Goldner Hawn Johnson & Morrison acquires majority stake in Applied Adhesives

Goldner Hawn Johnson & Morrison has acquired a majority position in Applied Adhesives, a supplier of hot melt, water-based, and reactive adhesives, from Ellipse Capital. Financial terms were not disclosed. The current management team retains ownership and will continue leading the company.

- Type: Acquisition
- Announced: 2017-03-24
- Where: Minnetonka, Minnesota, United States
- Status: announced
- Products: hot melt adhesives, water-based adhesives, reactive adhesives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [APPLIED Adhesives](https://endata.com/companies/14450.md) (target)
- [Goldner Hawn Johnson & Morrison](https://endata.com/companies/23077.md) (acquirer)
- [Ellipse Capital](https://endata.com/companies/23078.md) (investor)
- [Ellipse Capital](https://endata.com/companies/23078.md) (partner)

## Sources

- [gracematthews.com](https://gracematthews.com/press_release/goldner-hawn-johnson-morrison-makes-investment-in-applied-adhesives/), 2017-03-24: "We believe Applied is incredibly well positioned to continue executing its growth strategy under new ownership."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/95370-grace-matthews-advises-applied-adhesives-on-sale), 2017-03-28: "Goldner Hawn Johnson & Morrison (GHJ&M) has acquired a majority position in Applied Adhesives, a former portfolio company of Ellipse Capital."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=46), 2017-04-25: "Grace Matthews Inc. recently announced that Minneapolis-based Goldner Hawn Johnson and Morrison has acquired a majority position in Applied Adhesives."
- [pcimag.com](https://www.pcimag.com/articles/keyword/2065-acquisitions?page=32), 2017-05-08: "Grace Matthews, Inc. announced that Minneapolis-based Goldner Hawn Johnson & Morrison (GHJ&M) has acquired a majority position in Applied Adhesives, a former portfolio company of Ellipse Capital."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.