Colorants merger creates new mega-firm
Canadian PlasticsResearch & Development Plastics: Design
Pigment and chemical dispersions supplier Chromaflo Technologies is merging with integrated tinting specialist CPS Color’s colorant business to create a new global colorant system and pigment dispersion platform for architectural and...
Pigment and chemical dispersions supplier Chromaflo Technologies is merging with integrated tinting specialist CPS Color’s colorant business to create a new global colorant system and pigment dispersion platform for architectural and industrial coatings as well as the thermoset plastics markets.
The new colorants and dispersions specialist will operate under the Chromaflo name, and will be headquartered in Ashtabula, Ohio, with production facilities in the U.S., Canada, the Netherlands, Finland, Australia, and China. Sales and technical support will also be provided throughout North and South America, Europe, Australia, China, India, and South East Asia.
Chromaflo Technologies will have global sales, manufacturing and technical capabilities with revenue in excess of US$400 million annually.
“The combination of the CPS Colorants business with Chromaflo Technologies is a perfect fit of two players in different segments of the colorants industry,” said Scott Becker, CEO of the new Chromaflo Technologies. “This combination brings together complementary manufacturing capabilities, broadens our base of technologies and expands our global platform. All of this when backed with a strong customer focus by an experienced team will enable us to meet customers’ varied requirements on both a local and global basis.”
The new Chromaflo merger does not include CPS Color’s equipment business, which will now operate under Nordic ownership as COROB, a separate firm with annual sales of about US$100 million.