Castolin Acquires Monitor Coatings

TUESDAY, APRIL 16, 2013


Veteran European protective coatings maker Castolin Eutectic has acquired the Monitor Coatings Group, a  UK-based provider of coatings for surface engineering in harsh environments.

The acquisition, announced Monday (April 15), will “create the leading force in industrial wear and corrosion protection,” said Siegfried Schabel, CEO of Castolin Eutectic's parent company. "With this step, we further strengthen our technology and service activities—core to our growth strategy.”

Castolin Eutectic is an integrated manufacturer of welding, brazing and coating consumables; it operates a network of service workshops in 25 countries and employs more than 1,400 technicians and experts worldwide in welding, brazing and coating technologies.

Founded in 1906, Castolin Eutectic is one of three divisions of MEC Group, which has sales of €580 million ($756.5 million US) and 2,700 employees. MEC's other divisions are Messer Cutting Systems and BIT Analytical Instruments.

About Monitor Coatings

Monitor Coatings, more than 30 years old, serves customers in the oil and gas, steel, power and aerospace industries. The company has ISO9001, AS9100 and NADCAP accreditations and has manufacturing facilities in the Middle East, Singapore and China. Its client list includes Rolls-Royce, Bombardier, Goodrich, FR HiTemp Ltd., Corus, and Halliburton.

Monitor Coatings' portfolio includes the development of “ultra-dense, high-wear-resistant coatings” for directional drilling equipment “based on a novel thermal spray and densification process,” according to an announcement from Castolin.

Monitor Coatings
Monitor Coatings

UK-based Monitor Coatings serves the oil and gas, steel, power and aerospace industries.

Monitor also boasts one of the largest Low Pressure Plasma Spraying (LPPS) facilities in Europe.

Services and Capabilities

The companies’ combined offerings include thermo-chemical conversion coatings (densification), air-plasma and low-pressure plasma coatings, arc spray coatings, laser cladding and Plasma Transfer Arc (PTA) cladding solutions.

“Partnering with Castolin Eutectic gives us the ability to grow faster and serve our customers even better," Dr. Bryan Allcock, CEO and founder of Monitor Coatings Group, said in a prepared statement.

"Castolin Eutectic’s strong international presence and know-how, together with Monitor Coatings’ innovative technology, will bolster the offer to our combined client base.”

   

Tagged categories: Acquisitions; Aerospace; Business matters; Cladding; Coating Materials; Corrosion protection; Densifiers; Europe; Oil and Gas; Protective Coatings; Thermal spray

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