BUFFALO, NY - UâC Coatings, a manufacturer and distributor of wood protection products for the logging, lumber, furniture, and woodworking industries, has been acquired by Sidereal Capital Group and Argosy Private Equity.
UâC Coatings is know for its Anchorseal wax-based emulsion end sealers, designed to prevent splitting and degradation of freshly sawn, high value hardwood logs and lumber during processing. It also produces Gempaint, a water-based paint used by lumber suppliers to brand their products and enhance overall appearance, as well as other related niche market wood protection products usch as LogSaver and FlitchSaver.
"This investment advances us to the next level and provides the strategic investment and technical assistance necessary to support and accelerate our continued growth," says Norm Murray, CEO.
With 20 employees, U-C Coatings reports $8.2 million in 2012 sales, exporting to more than 30 countries.
“UâC Coatings is presented with an enormous opportunity as the outlook for the North American hardwood market improves alongside the rebound in the U.S. housing market," says Tom Johel, COO. "This partnership better positions us to pursue new expansion initiatives."
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