AB Wilh. Becker announced that its North American subsidiary, Becker Industrial Coatings, has completed the acquisition of Specialty Coatings Company, a manufacturer of industrial paints and coatings.
Founded in 1953, Specialty is the leading independent supplier of liquid coil coatings in the U.S. and employs 80 people at two production facilities in Chicago and Southern California. Its products are widely used in applications that utilize coated steel and coated aluminium substrates. Prior to the acquisition, Specialty was owned by the Neems family.
"Specialty's strong position in the U.S. market for coil coating products will be of great strategic value to Beckers," said Jenny Lindén Urnes, chairman and CEO of AB Wilh. Becker. "As the leading producer of coil coating products in Europe, and with a strong presence in Asia, Beckers looks forward to building a platform to develop the coil coating business in the United States."
"We are especially pleased to welcome Jack Neems, who will continue as president of Specialty, and the many valuable and experienced members of the Specialty staff that are joining Beckers," said Ralph Kabalo, president of Becker Industrial Coatings. "We look forward to the contributions they will make in helping Beckers maintain and expand its position as an innovative and environmentally-sensitive leader in coil coating products."
Specialty will become a unit of Becker Industrial Coatings, whose other operations in North America include Becker Industrial Coatings, Inc., based in Toronto. AB Wilh. Becker is a global manufacturer and distributor of paints and coatings. Headquartered in Sweden, AB Wilh. Becker's business units include Becker Industrial Coatings, Becker Acroma, ColArt and Becker Powder Coatings.
Becker Industrial Coatings acquires U.S. paint coil coating manufacturer
By Tim Wright
Published February 2, 2007
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