American Capital Strategies Ltd. has invested $12.5 million in Northwest Coatings Corp., a developer and
manufacturer of customized specialty energy-curable and water-based coatings and adhesives. Based
in Oak Creek, WI, Northwest Coatings operates two plants, one that manufactures water-based products
and a second that produces UV/EB products. The investment supports the acquisition of
Northwest Coatings by Caltius Capital Management from a group of private investors.