Protech Acquisition Expands Business to Canada
Coatings, paints and specialty material manufacturer The Protech Group recently acquired an architectural paints and stains manufacturer and distributor based in Quebec, Canada. The acquisition of MF Paints Inc. took effect on Oct. 7.
According to the press release, the acquisition aligns with Protech’s vision to diversify and strengthen its presence in the Canadian market. Additionally, Protech plans to provide support and leveraging for its purchasing, technical and manufacturing capabilities while furthering MF Paints’ market position and product offerings.
“We are thrilled to welcome the talented management team and employees at MF Paints Inc. to the Protech family,” stated David Ades, President of Protech Group. “The acquisition of MF Paints Inc. represents a combination of shared values and a commitment to excellence in the industry.
“Under the leadership of the Morello family, MF has grown into the pre-eminent paint brand in the Quebec market. Customers can anticipate continued access to premium, environmentally conscious paint products designed to meet the diverse needs of the Canadian market.”
MF Paints has reportedly been in the industry for over 50 years and is a “household name” in the eastern Canadian market, with all of its products manufactured in Laval, Quebec. The company focuses on research, development and customer service, formulating products to adapt to both residential and commercial projects.
“We are excited to join forces with Protech Group. This represents a unique opportunity to benefit from a like-minded, customer-centric organization, with significant coatings expertise, and an international reach,” added Anthony Morello, President of MF Paints.
“Our clients will benefit from extensive expertise in new technologies and added manufacturing capabilities that will continue to fuel growth achieved in recent years. The continuity of MF Paints, for our loyal employees and customers, was an important consideration for the shareholders when deciding to join the Protech Group. I have no doubt Protech will continue to grow MF Paints with excellence and bring it to the next level.”