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Tnemec Acquires Textured Coatings Company

Wednesday, October 30, 2019

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Coatings manufacturer Tnemec Company, Inc. recently announced that it has purchased assets of Textured Coatings of America, Inc. (Tex•Cote).

Established in 1961 in Los Angeles, Tex•Cote manufactures high-performance, water-based coatings for use on commercial, residential and Department of Transportation projects, according to Terry Wallace, Vice President—Business Development at Tnemec.

Tnemec

Coatings manufacturer Tnemec Company, Inc. recently announced that it has purchased assets of Textured Coatings of America, Inc. (Tex•Cote).

“We are thrilled to welcome Tex•Cote into the Tnemec family and feel there are great synergies between the two companies,” Wallace said.

“Tex•Cote has great products, excellent production facilities and outstanding personnel. Our plan is to provide Tex•Cote with operational and managerial support for growth within its current markets and customer base.”

Tex•Cote manufactures a variety of products including: Coolwall coatings for exterior vertical substrates, Reflect-Tec coatings for roofs and Cool-Tec coatings for horizontal concrete and decks. Those three lines incorporate specialty pigment technology that reflects infra-red heat to help keep exterior surfaces cooler compared to traditional paints, according to the company.

“Our company has been involved in countless landmark and high-profile projects, from bridges to airports, from college campuses to massive commercial projects, over the last 58 years,” said Stuart Haines, Chairman and President /CEO of Tex•Cote.

“I am very proud to know that Tnemec will continue the family-owned legacy for the employees and customers of Tex•Cote.”

Tex•Cote’s product line also offers water repellents and stains, anti-graffiti coatings, dry-erase coatings and interior coatings, as well as a variety of primers, block-fillers and patching compounds.

“We feel a real kinship with Tex•Cote,” said Chase Bean, President and CEO of Tnemec.

“Both companies share a common history of private ownership, multi-generational family management and an entrepreneurial spirit that is deeply-rooted in the company culture.”

The financial terms of the deal were not disclosed.

   

Tagged categories: Acquisitions; Business matters; Business operations; Good Technical Practice; Mergers; NA; North America; Tnemec

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