Surface Technology plc, a subsidiary of Norman Hay plc, has acquired 100% of the ordinary shares in Calmbay Holdings Pty Limited, trading as Hi-Tech Industrial Coatings in Perth, Western Australia.
Hi-Tech provides specialist spray coatings and finishes for metal components destined for the oil and gas, mining and general industrial markets.
"We are very pleased to welcome Bob Needham, Mark Huxley and their team to the Norman Hay Group," said Victor Bellanti, CEO of Norman Hay. "Their Hi-Tech Industrial Coatings business is a perfect fit with our Surface Technology and Armourcote operations. The oil and gas exploration and extraction industries which we serve are becoming increasingly active in the waters off the western coast of Australia, stretching up to the Malaysian Peninsula. Our companies specialize in providing coatings to protect components working in these hostile maritime environments.
"This acquisition continues our strategy of adding surface finishing businesses to our group, wherever there is a demand from the international oil tool industry for our specialist skills," he added.
Hi-Tech Industrial Coatings acquired
By Tim Wright
Published November 26, 2007
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