, a Washington-based manufacturer of spray-applied polyurea elastomers, polyurethane foams and custom plural component equipment, has joined the VersaFlex family of companies.
"This is an exciting opportunity for employees and customers of SPI. Building on the 45-year success of SPI under the direction and leadership of Dan Helton and Curt Josaitis, merging with VersaFlex will allow SPI and its customers to reach new levels of success with a broader product offering and innovation support, "said Robert Jamieson, EVP M&A and Integration VersaFlex.
SPI joins VersaFlex, Raven Lining Systems, Milamar Coatings, Bridge Preservation and Vanberg Specialized Coatings as part of a growing portfolio of specialty coating solutions across an array of markets and industries.
"We're excited to join forces with SPI. This move allows us to broaden our specialty coatings portfolio and increase our focus on polyurea coating and foam solutions. We look forward to leveraging the increased scale this acquisition provides," said Tom Verghese, CEO VersaFlex.