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June 12, 2008
By: KERRY PIANOFORTE
Editor, Coatings World
Industri Kapital (IK) has signed an agreement with Nordic Capital Fund VI regarding the sale of CPS Color Group Oy. Based in Vantaa, Finland and with approximately 900 employees in eleven countries, CPS Color is a global supplier of advanced tinting systems supplying all of the necessary tinting system components including colorants, dispensers, mixers, software, marketing materials, technical support and consulting services. IK acquired CPS Color, formerly known as Tikkurila CPS, in 2000. Since then, the company has undergone significant organizational and operational restructuring, including simplification of the production footprint, resulting in increased efficiencies and cost savings. Under IK’s ownership, CPS Color has focused on organic growth, strengthening of R&D and building its overall solution provider business model. The business has also grown with the acquisition and integration of Corob in 2002.
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