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. Protech will continue the manufacturing operations in Cleveland, Ohio. The deal is expected to close by mid-November 2013.
David Ades, Managing Director of Protech, noted: “The acquisition of NPA’s powder business allows us to expand into new markets, particularly the automotive sector in which NPA is a leader. We are committed to maintaining the well-earned reputation that NPA has built over the past twenty years.”
About Protech: 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 fifteen 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.
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