BUFFALO, N.Y. - U-C Coatings has completed its acquisition of Contechem. Both companies provide complementary products for protecting freshly cut lumber and logs. Based in Portland, Oregon, Contechem manufactures anti-stain and mold inhibitor products under the Britewood brand.
Based in Buffalo, New York, U-C Coatings manufactures and supplies wood protection products for the logging, lumber, furniture and woodworking industries, including the Anchorseal, Bates, B.O.S.S. (Bright Orange Sample Sealer), GemPaint, LogDawg and Shade-Dri brands.
Terms of the Aug. 30 sale were not disclosed. Both companies will continue to manufacture in their existing facilities.
“Joining Contechem’s innovative sapstain products with U-C Coatings’ industry-leading wood sealants and end paints provides an ideal cross-selling opportunity and one-stop shop package to customers,” said Jeff Goodrich, partner at High Road Capital Partners. The private equity firm acquired U-C Coatings in January.
“Contechem has a superior line of products and provides outstanding levels of customer support,” said Tom Johel, CEO of U-C Coatings. “Its ability to develop and manufacture custom blends for a mill’s wood and climate conditions makes it a natural partner for U-C Coatings, and both companies’ products provide exceptional cost savings and return on investment. With tight margins in the lumber industry, we believe we can have a positive impact on our customers’ bottom lines.”
Kip Anderson, president of Contechem, added, “We are pleased to join with High Road and U-C Coatings. In partnership with U-C Coatings, we can offer even better service to our customers and continue to invest in and develop new wood protection products and equipment.” According to the news release, both Anderson and his brother Steve, will continue to lead Contechem post-closing.
Have something to say? Share your thoughts with us in the comments below.