Welcome Guest to Coatings World    Login || Register
Last Updated Sunday, October 4 2015

Wattyl Exits U.S. Business, Sells Coronado and Lenmar

By Jason Lawton

Published July 6, 2004
Australian paint manufacturer Wattyl Ltd. has sold its U.S. businesses, Coronado Paint, an architectural-coatings company and Lenmar Inc., a manufacturer of lacquers and polyurethane coatings, to Stony Point, NY-based INSL-X Products Corp.

Exiting the U.S. will strengthen Wattyl’s net cash position by between $15 million to $20 million, according to the company. “The sale of our U.S. businesses will have an immediate impact on the group’s operating profit,” said Ian Jackson, managing director, Wattyl. “It will also enable us to focus all our resources on strengthening Wattyl’s position in the Australian and New Zealand markets.”

Following the sale, Wattyl’s remaining U.S. assets will be a number of properties which will be sold progressively.

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Follow Coatings World On