Welcome Guest to Coatings World    Login || Register
Last Updated Saturday, December 20 2014
Print

Greenkote acquires



Published April 18, 2007
Related Searches: Corrosion Powder Coatings
Coating company Greenkote has completed the acquisition of the assets and certain liabilities of Industrial Powder Coatings (IPC), Inc. Established in 1999 Greenkote offers metal coating services from its plants in Israel and Germany.
Founded in 1976, IPC is one of the largest custom coating companies in the U.S. IPC’s extensive service portfolio includes powder coating, e-coating, zinc and nickel chrome plating, and nylon and plastisol deposition (dip coating). IPC operates five plants in the Southern and Midwestern U.S. and Mexico. The company serves a vital role to many suppliers and OEM’s within the appliance, industrial and automotive markets throughout North America and has a strong competitive position in the highly fragmented, outsourced coatings industry. IPC’s sales revenue were $25 million in 2006.
Arie Laor the chief executive of Greenkote Plc will be relocating to the U.S. to lead the new enity. The board of Greenkote Plc is being enhanced with the appointment of Jim Thomson, the CFO of IPC.
Greenkote aims to capitalize on the core IPC operating and sales infrastructure to offer it’s proprietary technology into the North America and Mexico markets later in 2007. The new combined entity operating in the Americas is known as Greenkote IPC Inc.
The Greenkote coating process currently offered through its plants in Israel and Germany, improves the properties of a wide range of metals, alloys and powders by giving them added qualities such as increased resistance to both low and high temperature corrosion as well as improved wear resistance and better bonding to rubber and plastic. It is used mainly in the automotive, construction, medical and aerospace industries.
“We are delighted that we have been able to acquire IPC. We believe that this acquisition will significantly accelerate the entry of our technology into the North American market and we will position Greenkote-IPC as a technology driven U.S. industrial company,” said Greenkote’s CEO Arie Laor.


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
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
Taiwan
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
US
View Profile
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
USA
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
Canada
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
Taiwan
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
US
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Keeneyes
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
R.O.C.
View Profile
Lubrizol Advanced Materials, Inc.
9911 Brecksville Road
Cleveland, OH, 44141
US
View Profile
Follow Coatings World On