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Valentus Buys Wood Finishes Firm

Wednesday, April 27, 2016

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Valentus Specialty Chemicals Inc. has announced it has acquired a Tennessee-based manufacturer of wood flooring finishes and related products.

Precision Technology LLC, headquartered in Memphis, develops a full range of floor finishes, stains, sealers, wood fillers and maintenance products for the wood flooring industry.

building
www.pretechfinishes.com

Precision Technology LLC will move its manufacturing operations from Memphis to North Brunswick, NJ.

The company distributes products throughout North America. Brands include Swedish Finish and Swedish Crown coatings.

Terms of the deal were not disclosed.

Second Coatings Deal

The acquisition marks the second investment for Valentus in five months. The company acquired North Brunswick, NJ-based National Paint Industries in December 2015.

NPI manufactures high-performance specialty coatings used in residential and commercial flooring, industrial protective maintenance, pool, marine and other applications.

Under the terms of the recent acquisition, Precision Technology will move its operations to NPI’s New Jersey facility.

"The NPI team has known Precision for a long time and has always thought highly of the business,” according to Valentus CEO Ray Chlodley. “We are excited to add these products to the Valentus lineup as we look to expand our presence in the floor coatings market.”

Valentus is a platform of Detroit-based Huron Capitol Partners private equity firm. The business is actively looking for additional complementary coatings companies to grow its platform, Chlodley added.

   

Tagged categories: Acquisitions; Business matters; Coatings manufacturers; Coatings Technology; Mergers; North America; Wood coatings

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