Durability + Design
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site


D+D News

Main News Page

Pigment, Building Envelope Firms Ink Deals

Tuesday, October 18, 2016

More items for Building Envelope

Comment | More

New York-based private equity firm American Securities LLC recently announced the acquisitions of two architectural coatings industry players.

The firm announced plans to acquire colorant and pigment dispersion producer Chromaflo Technologies Corp., based in Ashtabula, OH, from equity firms Arsenal Capital Partners and Nordic Capital.

In a separate announcement, American Securities said it has completed its acquisition of El Segundo, CA-based Henry Company, a building-envelope product manufacturer.

Terms for the deals were not disclosed.

Chromaflo Proposal

The Chromaflo deal is expected to close in November, subject to customary closing conditions and regulatory approvals, according to the announcement.

Described as a leading independent global supplier of colorant systems and chemical and pigment dispersions, the company has over eight decades of industry experience. Chromaflo’s brands include more than 200 product lines and 7,000 products, serving customers across six continents.

Chromaflo at American Coatings Show 2016

Chromaflo is a global supplier of colorant systems and chemical and pigment dispersions, serving customers in architectural and industrial coatings.

“We believe that Chromaflo's commitment to product innovation, combined with its experienced and customer-focused management team, positions the company for continued growth,” said Scott M. Wolff, a managing director of American Securities. “We look forward to bringing our resources to bear to support Scott Becker [president and CEO of Chromaflo] and the rest of Chromaflo's management team toward continued success.”

Chromaflo Technologies was created with Arsenal Capital Partners’ concurrent acquisitions of Plasticolors Inc. and Evonik Industries’ Colortrend global colorants business in April 2012.

Henry Deal Closes

Founded in 1981, Henry is a national supplier of air and vapor barrier, roofing and waterproofing products.

Henry Company

Henry Company introduced a line of liquid-applied roofing systems in June 2016.

The company has a dozen offices and manufacturing facilities throughout the United States and Canada. It serves the repair, remodel and new housing market in addition to the broader commercial market.

Frank Ready, president and CEO of Henry, said the company has “a strong history of growth,” noting that the partnership will advance new product development and market expansion.

About American Securities

Based in New York with an office in Shanghai, American Securities is a U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion. American Securities and its affiliates have approximately $15 billion under management.


Tagged categories: Acquisitions; Building envelope; Business matters; Henry Company; Pigments; Waterproofing

Comment Join the Conversation:

Sign in to our community to add your comments.

Shield Industries, Inc
FireGuard® E-84 Intumescent Coating - Shield Industries, Inc
Trust the certified protection of the industry’s most innovative intumescent coating FireGuard® E-84 to provide you with the 1 and 2 hour fire ratings you need.

Keim Mineral Coatings
Mineral Silicate Paints + Stains Fuse to Concrete
• Forms permanent chemical bonds
• Becomes part of the concrete
• Will never peel
• Looks completely natural

Novatek Corporation
Novatek Portable Air Filtration Systems
Air Scrubbers/Negative Air machines for restoration, abatement, dust & odor control, hazardous contaminant removal from job sites to clean rooms and hospitals. Portable, affordable!


Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@durabilityanddesign.com

The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker


© Copyright 2012-2018, Technology Publishing Co., All rights reserved