Welcome Guest to Coatings World    Login || Register
Last Updated Wednesday, July 29 2015

Red Spot sold

By Tim Wright

Published April 23, 2008
Red Spot Paint & Varnish Co., Inc., Evansville, IN, and Fujichem, Inc., a U.S. subsidiary of Fujikura Kasei (FKK), Tokyo, Japan, have entered into a stock purchase agreement whereby Fujichem will purchase 100% of the shares of Red Spot for $63.2 million. The transaction is expected to close on May 30th, 2008 and is subject to customary closing conditions. Red Spot, under new ownership, will continue to operate as Red Spot Paint & Varnish Co., Inc., a consolidated subsidiary of Fujichem.

With the globalization of the automotive business, both companies saw an advantage to combining into one entity. Red Spot’s employees, facilities and infrastructure in Evansville, IN, and Westland, MI, will continue to serve customers in North America and South America. Red Spot’s joint venture partners in Korea and the UK, as well as Red Spot’s licensees and customers in South America, Australia, Europe, Singapore and China, further broaden FKK’s global footprint to serve the global coatings for plastics coatings market.

Red Spot and FKK have a long and successful relationship beginning in 1972. The partners have successfully developed products and markets, and currently manufacture, sell,and service each other’s and their own technologies.

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
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
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
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
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
Follow Coatings World On