“We are always looking for opportunities to better serve our customer base and we felt this warehouse was the perfect addition to our Midwest footprint,” said Ken Moran, President. 

The acquisition of the specialty chemical distributor, active in both the life sciences and industrial chemicals segments in Colombia, represents a strategic expansion of the company's footprint, consistent with its growth objectives in the region.

This strategic acquisition marks the culmination of the most active year on record for PSE in terms of mergers and acquisitions. Including Interbay, the company forged partnerships with eight distributors specializing in automotive refinish and specialty coatings products and services. 

"Joining forces with Hidden Harbor presents an opportunity for Teckrez to continue to enhance our offerings and expand alongside our customers," said Marc Jackson, President & CEO of Teckrez. Grace Matthews, Inc. served as financial advisor to Teckrez on the transaction.

Commenting on the decision, AkzoNobel CEO, Greg Poux-Guillaume, said: “It's disappointing that this intended acquisition cannot move forward, but we remain committed to our strong businesses and leading brands in Africa."

The acquisition provides high-quality people, industrial technology, manufacturing, and formulating capacity to Rodda Paint Co. and the Cloverdale Paint Group.

The business units will be integrated into Brenntag Essentials’ existing network in North America, expanding its local and regional footprint.

With this acquisition, Excelitas moves to further expand and broaden its industrial technology portfolio with a highly complementary set of photonic solutions across the lighting spectrum.

The acquisition of Imaginant, a specialist for ultrasonic measuring equipment, will expand the company’s BYK division through patented technology for handheld and robotic measuring instruments.

The global powder coatings market is estimated to be ~$13 billion and ~2.8 million MT in volume. It accounts for ~13% of the global industrial coatings market, and there are more than 1,200 companies involved in production and sales of powder coatings. This article discusses some of the emerging trends impacting this industry.