MONTREAL - Protech Chemicals Ltd. will acquire the Seibert powder coatings unit of NPA Coatings, a subsidiary of Nippon Paints Japan. Protech will continue manufacturing operations in Cleveland, OH.
The deal is expected to close by mid-November 2013.
“The acquisition of NPA’s powder business allows us to expand into new markets," says David Ades, Managing Director of Protech. "We are committed to maintaining the well-earned reputation that NPA has built over the past twenty years.”
Privately-held Protech produces coatings under the Protech, Prolux, Oxyplast, Thermoclad and Innotek labels, with eight production facilities in the Americas and Europe and 15 licensees in South America, The Middle East and Asia. It says its powder coatings brands rank in the top five worldwide.