Canada's Protech to Acquire Powder Producer Oxyplast

MONTREAL - The Protech Chemicals Group, based in Montreal, has acquired the Belgium-based powder-coatings manufacturer Oxyplast N.V. Financial terms were not announced.

Oxyplast, launched in the 1960s, is considered a pioneer in the powder-coatings industry, and manufactures and markets products worldwide through a network of 20 licensees.

Protech said it is one of the world's major powder-coatings producers, with four manufacturing facilities and customers worldwide.