Protech Chemicals Ltd of Montreal, Canada, has reached an agreement with NPA Coatings, a subsidiary of Nippon Paints Japan, to acquire the Seibert powder coatings business. The deal is expected to close by mid-November 2013.
Under the terms of the purchase, Protech will continue the manufacturing operations in Cleveland, Ohio. “The acquisition of NPA’s powder business allows us to expand into new markets, particularly the automotive sector in which NPA is a leader," said David Ades, managing director of Protech. "We are committed to maintaining the well-earned reputation that NPA has built over the past 20 years.”
ABOUT PROTECH GROUP
The Protech group is a global leader in the development, production and marketing of thermoset and thermoplastic powder coatings. They produce coatings under the Protech, Prolux, Oxyplast, Thermoclad and Innotek labels. Protech offers the most complete product range in the industry, with eight production facilities in the Americas and Europe and 15 licensees in South America, The Middle East and Asia. Its powder coatings brands rank in the top five worldwide. Protech is a privately held company headquartered in Montreal, Canada.