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California Products acquires Progress Paint brands

By Tim Wright | September 14, 2009

California Products Corporation, an Apollo Capital Management portfolio company, has acquired the customer base and certain assets of Progress Paint Manufacturing Company.

California Products Corporation, an Apollo Capital Management portfolio company, has acquired the customer base and certain assets of Progress Paint Manufacturing Company. The acquisition includes certain Progress Paint brands and product lines including Gray Seal, Fixall, Duralux Marine and other associated lines. Progress Paint, founded in 1912 and headquartered in Louisville, KY, manufactures paints and coatings that are sold exclusively through independent dealers in over 20 states. This past spring, Progress consolidated its Gray Seal and Kurfees brand under the Gray Seal Paint label.