Expanding its commercial coatings footprint, U.S. weatherproofing manufacturer Pecora Corp. has acquired the deck coating line of Carlisle Coatings and Waterproofing.
Carlisle had been supplying its elastomeric polyurethane coating systems to Pecora for years.
Phillyfan0419 / Wikimedia
|Pecora’s product portfolio includes construction and architectural sealants; concrete repair; traffic coatings; water repellants; and primers. Pecora projects include Citizen's Bank Park in Philadelphia.|
The purchase includes all brands and formulations of the deck coating product line. The products will be co-branded by Pecora and CCW “until the acquisition integration is complete and well understood in the marketplace,” the companies said. For now, CCW will continue to process all orders.
Terms of the transaction were not disclosed.
Pecora: ‘Broaden Our Offerings’
The acquisition increases Pecora’s presence in the coatings market by further extending its vast product portfolio, which includes silicone, urethane, latex, and butyl construction sealants; traffic, security, acoustic, fenestration, fire-rated, and polysulfide sealants; concrete repair; traffic coatings; water repellants; and primers. The transaction also gives Pecora an established customer base.
Based in Harleysville, PA, and established in 1862, Pecora says the deal is part of its growth strategy and reflects “a continuing commitment to providing the most innovative sealants to the commercial construction market.”
The acquisition will allow both companies to concentrate more closely on their “core competencies,” said Pecora president and CEO Joe Virdone.
“This agreement provides us a better opportunity to manage our businesses,” said Virdone. ”Very importantly, it also establishes a platform for Pecora to broaden our offerings in this changing marketplace.”
CCW: Focus on Building Envelope
Based in Wylie, TX, CCW is a longtime provider of provides air and vapor barriers, waterproofing, drainage composites, green roofing systems, clear penetrating sealers, insulation and related products.
|Carlisle Coatings & Waterproofing's elastomeric polyurethane deck coating systems are used on multifamily construction (left) and other applications. The company also supplies waterproofing systems.|
CCW is a wholly owned subsidiary of Carlisle Construction Materials, which is a division of Carlisle Companies.
The sale of the deck coatings line is part of CCW’s “strategic focus on products and systems designed to serve the non-residential building envelope market,” the companies said in a release.
CCW’s deck coating systems are designed to provide a “durable, skid-resistant wearing surface while protecting above-grade decks from the damaging effects of water and chloride ion penetration,” according to the company. Applications range from apartment balconies to high-traffic vehicular decks.