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    [title] => Innovative Chemical Products Group Acquires Hi-Tech Coatings
    [short_title] => 
    [summary] => 
    [slug] => innovative-chemical-products-group-acquires-hi-tech-coatings
    [body] => Innovative Chemical Products Group (ICP Group) announced that it acquired Hi-Tech Coatings, a developer and manufacturer of high-performance coatings for the packaging and commercial printing industries, from Heidelberger Druckmaschinen AG (Heidelberg).

Hi-Tech Coatings develops and produces more than 1,000 environmentally compatible products and formulations, primarily water-based and UV-based coatings.

“We’re thrilled to have acquired Hi-Tech Coatings because its industry leadership will only strengthen and expand ICP ISG’s portfolio of innovative products,” said Doug Mattscheck, CEO, ICP Group. “By uniting the highly skilled, well-trained and experienced people of ICP and Hi-Tech Coatings, our company is stronger and so is our unwavering dedication to serving our customers with integrity and customer service.”

Hi-Tech Coatings offerings will become part of ICP Group’s Industrial Services Group (ISG).

The acquisition provides ICP ISG with two significant opportunities – it expands its product offerings within the high-performance water-based and ultraviolet-curable coatings, and it diversifies and expands its international customer base in Europe, the Middle East and Asia-Pacific regions.

Hi-Tech Coatings will also expand ICP Group’s manufacturing footprint by adding new production facilities in the UK, the Netherlands and an additional facility in the US (Michigan).

“We are excited to welcome the employees of Hi-Tech Coatings to the ICP family and to enter into this long-term, strategic partnership with Heidelberg,” Mattscheck added. “We’re looking forward to providing Heidelberg and Hi-Tech Coatings’ customers with exceptional service, an expanded product offering, and an expanded commitment to innovation and growth going forward.” [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-12-04 05:00:00 [updated_at] => 2019-12-03 09:40:22 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["317565","317163","318033","326106","325087","322919","320455","316992","324663","165783","317569","324727","316174","326481","316157"] [is_show_company_name] => [created_at] => 2019-12-03 09:33:29 [contentType] => ContentType Object ( [className] => ContentType [content] => Array ( ) [taxonomy] => Array ( ) [listURL] => [logoUrl] => https: [id] => 2487 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => content_types [tag] => breaking_news [short_tag] => breaking_news [class_name] => [display_view] => [list_view] => [slug] => breaking-news [box_view] => [ignore_flag] => 0 [image_id] => 0 [layout_id] => 0 [formattedTag] => Breaking News ) [viewURL] => /contents/view_breaking-news/2019-12-04/innovative-chemical-products-group-acquires-hi-tech-coatings/ [relatedArticles] => Array ( [0] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 316174 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2539 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 190799 [primary_image_old] => [slider_image_id] => [banner_image] => 0 [title] => Egyptian Coatings Show 2019 [short_title] => [summary] => [slug] => egyptian-coatings-show-2019 [body] => [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-06-13 10:54:00 [updated_at] => 2019-06-24 08:39:36 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["311573","315672","309804","316629","313699","304989","309286","316175","310713","305307","316157","308278","306457","306459","311746"] [is_show_company_name] => [created_at] => 2019-06-13 10:47:52 ) [1] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 316992 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2487 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 191159 [primary_image_old] => 0 [slider_image_id] => 191159 [banner_image] => 0 [title] => Covestro Opens New Customer Support Laboratory in Mexico for Coatings, Adhesives, Specialties [short_title] => [summary] => [slug] => covestro-opens-new-customer-support-laboratory-in-mexico-for-coatings-adhesives-and-specialties [body] => Covestro, a leading manufacturer of high performance polymers, is expanding its capabilities in Mexico with the opening of its new customer support laboratory for the coatings, adhesives and specialties (CAS) business unit. This lab will provide enhanced customer service, local support and technical expertise for the company’s fourth largest market worldwide and strengthen the company’s presence in Latin America.

The CAS business develops and provides raw materials that add value to the end product, improving its performance, appearance and durability. Covestro materials are used in a range of applications including wind turbines, transportation, construction, furniture, cosmetics and healthcare.

Covestro aims to work closer with its customers in Mexico to further innovation and develop customized solutions for several market sectors. For example, in the adhesives segment, it envisions widening its support for the furniture market, as well as the footwear industry for which Covestro supplies polyurethane adhesives for easier adhesion of footwear soles.

The new laboratory expands the current support capacities of the North American region and is focused on providing faster service to local customers. The lab will provide technical support for a wide range of coating, sealant and adhesive formulations.

The new lab supports Covestro’s growth strategy in Mexico, which includes the implementation of a fourth production line in the Santa Clara plant located in Ecatepec, Mexico, where polyurethane and CAS material solutions are produced. Globally, the CAS business unit accounts for almost 16 percent of Covestro’s total sales. [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-06-27 13:11:00 [updated_at] => 2019-06-28 08:45:09 [last_updated_author] => 228513 [uploaded_by] => 142069 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["308435","305711","309539","312145","311841","306838","307334","307332","316851","316850","309144","311610","309501","316854","315735","311246","304822","305677","309099","305100"] [is_show_company_name] => [created_at] => 2019-06-26 13:04:52 ) [2] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 317163 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2572 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"Kerry Pianoforte","title":"Editor"} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 191228 [primary_image_old] => [slider_image_id] => 191228 [banner_image] => 0 [title] => Top Companies Report [short_title] => [summary] => [slug] => top-companies-report-354479 [body] => Coatings World is proud to bring the industry our annual Top Companies Report – the only truly global ranking of the top manufacturers of paint and coatings. Our editorial staff has spent many hours researching the industry to provide our readers with the most accurate ranking of paint and coatings manufacturers operating in the global industry.

Rankings are based on annual sales in U.S. dollars. For companies based outside the U.S., sales are translated into U.S. dollars using exchange rates from the company’s fiscal closing date. For privately held companies who choose not to disclose sales figures, our staff interviews different industry sources coupled with our own research to come up with an accurate estimate of annual sales. We profiled 82 companies in this year’s report. All have sales of $100 million or more annually. Companies marked with an asterisk in the ranking on the following page represent Coatings World estimate. Bold companies are those making their first appearance as a Top Company. Two companies have been removed from the list this year: J.W. Ostendorf, which was acquired by Hempel and Whitford, which was acquired by PPG. This year we have added six companies to the list: three from Germany, one from the U.S. and two from China. 

The Top Companies Report is intended to provide our readers with a snapshot of the industry’s most influential players. We hope you will come away with a clearer insight into the future of this truly global and always evolving industry. If you are a paint and coatings manufacturer with sales of $100 million or more for fiscal 2018 and would like to be included in our Top Companies Report, contact me and I will add your company to the online version. 

First Timers
Bardese
Dold
ICP Group
MIPA
Remmers
Xiangjiang Paint Group

Take-out Companies
J.W. Ostendorf
Whitford

2019 Top 20
01 PPG
02 Sherwin-Williams
03 AkzoNobel
04 Nippon Paint
05 RPM
06 Axalta
07 BASF
08 Kansai Paint
09 Asian Paints
10 Jotun
11 Masco
12 Hempel
13 DAW
14 Berger Paints
15 Benjamin Moore
16 Ace Paint
17 DuluxGroup
18 Kelly-Moore
19 SK Kaken
20 Chugoku

2019 Top Companies
01. PPG (USA) $15.4 billion
02. Sherwin-Williams (USA) $12.1 billion*
03. AkzoNobel (The Netherlands) $10.36 billion
04. Nippon Paint (Japan) $5.6 billion
05. RPM (USA) $5.3 billion
06. Axalta (USA) $4.7 billion
07. BASF (Germany) $4.3 billion
08. Kansai Paint (Japan) $3.9 billion
09. Asian Paints (India) $2.75 billion
10. Jotun (Norway) $2.1 billion
11. Masco (USA) $1.8 billion*
12. Hempel (Denmark) $1.49 billion
13. DAW (Germany) $1.447 billion*
14. Berger Paints (India) $1.080 million
15. Benjamin Moore (USA) $921 million*
16. Ace Paint (USA) $900 million*
17. DuluxGroup (Australia) $899 million
18. Kelly-Moore (USA) $860 million*
19. SK Kaken (Japan) $830 million
20. Chugoku (Japan) $802 million
21. Shawcor (Canada) $700 million*
22. KCC (South Korea) $700 million*
23. Beckers Group (Germany) $670 million
24. Dai Nippon Toryo (Japan) $661 million
25. Tikkurila (Finland) $650 million
26. Shangahia Huayi Fine Chemical (China) $585 million*
27. Brillux (Germany) $558 million*
28. Xiangjiang Paint Group (China) $538 million
29. Nihon Toksuhu (Japan) $536 million*
30. Fujikura Kasei (Japan) $502 million
31. Samhwa (South Korea) $500 million
32. TOA Group (Thailand) $484 million
33. Noroo (South Korea) $482 million
34. Teknos Group (Finland) $457 million
35. Cromology (France) $452 million
36. SKSHU Paint (China) $443 million
37. National Paint Factories (Jordan) $427 million
38. Mankiewicz (Germany) $395 million
39. Musashi Paint (Japan) $375 million*
40. Carpoly (China) $373 million
41. Betek Boya (Turkey) $360 million
42. Origin Electric (Japan) $344 million
43. Ennis Flint (USA) $340 million*
44. Tiger Coatings (Austria) $330 million
44. Bardese Chemical (China) $330 million
46. Pacific Paint Boysen (The Phillipines) $290 million*
47. Cloverdale Paint (Canada) $284 million
48. Karworwag (Germany) $277 million
49. CIN (Portugal) $277 million
50. Flugger Group (Denmark) $272 million
51. Lanco Paints (USA) $270 million
52. Taiho Paint (China) $263 million
53. Meffert (Germany) $254 million*
54. ICP Group (USA) $250 million
55. Daoqum (China) $247 million
56. Yasar (Turkey) $238 million
57. Grebe (Germany) $237 million
58. Pintuco (Colombia) $233 million
59. Bauhinia (China) $232.6 million
60. Remmers (Germany) $226 million
61. Rock Paint (Japan) $222.9 million
62. Kikusui Chemical (Japan) $205 million
63. Tambour (Israel) $200 million*
64. MIPA (Germany) $199 million
65. RAR Holdings (UAE) $198.3 million
66. Kapci Coatings  (Egypt) $180 million
67. Frei Lacke (Germany) $171 million*
68. Natoco (Japan) $162 million
69. Dold Gruppe (Germany) $155 million
70. Sniezka (Poland) $153 million
71. Diamond Vogel (USA) $150 million*
72. ICA Group (Italy) $132 million
73. Shinto Paint (Japan) $130 million*
73. Industrias Titan (Spain) $130 million*
75. Kangman Jevesco (South Korea) $129 million
76. Adler-Werk Lackfabrik (Germany) $129 million
77. Asahipen (Japan) $125 million
78. Tnemec (USA) $124 million
79. Kayalar Kimya (Turkey) $123 million*
80. Russian Coatings (Russia) $110 million
81. Tohpe (Japan) $107 million
82. WEG (Brazil) $100 million* [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-07-03 10:59:00 [updated_at] => 2019-09-27 13:30:02 [last_updated_author] => 197901 [uploaded_by] => 142069 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["318033","317113","317348","312951","311654","317350","318167","313625","311478","317055","318426","312469","322920"] [is_show_company_name] => [created_at] => 2019-06-28 10:53:09 ) [3] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 317565 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2572 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 191539 [primary_image_old] => [slider_image_id] => 191539 [banner_image] => 0 [title] => 54. ICP Group [short_title] => [summary] => [slug] => 54-icp-group [body] => Andover, MA, USA
www.icpgroup.com

PRIVATE COMPANY; YEAR ESTABLISHED: 2015

REVENUE: $250 million

MARKETS SERVED
Industrial coatings, Sports coatings, Architectural coatings, Rroof coatings, Environment coatings, Cementitious floor and deck coating

KEY EXECUTIVES:
Doug Mattscheck, CEO;
Sven Doerge, CFO;
Dave Baker, VP operations;
Eric Sifferlin,
VP Business Development;
Scott DeLeo and Doug Caffoe- VP marketing; Mojee Cline
and Doug Rahrig- VP Technology.

ICP Group is a portfolio company of Audax Private Equity. In the first quarter of 2019, ICP Group completed
three acquisitions.

The first acquisition included the brands of Fireshell, Heat Shedder, FireSafe and Structure Saver Intumescent Coatings – proprietary fire and thermal products that have been servicing the various construction markets for over 20 years. The second acquisition included ASTEC, a leading brand of fluid-applied membrane systems for the sustainable restoration of roofs, walls, tanks, piping, ductwork and other industrial surfaces. The third acquisition included Benefect, a world-recognized leader in next-generation botanical antimicrobials that produces disinfectant and clean [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-07-05 12:22:00 [updated_at] => 2019-09-27 09:15:54 [last_updated_author] => 197901 [uploaded_by] => 0 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["317163","318033","312469","312787","313616","313611","314471","313193","321793","312221","320014","311082","321516","315664","317945","320912","311859"] [is_show_company_name] => [created_at] => 2019-07-02 12:15:46 ) [4] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 317569 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2572 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 191547 [primary_image_old] => [slider_image_id] => 191547 [banner_image] => 0 [title] => 56. Yasar [short_title] => [summary] => [slug] => 56-yasar- [body] => Izmir, Turkey
www.dyo.com.tr

PRIVATE COMPANY; YEAR ESTABLISHED: 1927

REVENUE: $238 million

MARKETS SERVED
Decorative paints; Construction paints; Industrial paints; Furniture paints;
Automotive paints; Marine paints

KEY EXECUTIVES:
Selcuk Yasar, honorary president of Yasar Holding; Mehmet Kahya, chairperson of audit committee; Ahmet Metin Onaner, chair of early detection of risk committee.

Yasar Coatings Group is one of the leading paint producers in Turkey. Consisting of five companies led by Dyo Boya, it serves the market with 1,000 different products. Under the brand names Dyo and Dewilux, Yasar Coatings Group employs approximately 1,000 people and exports its products to 40 countries. The group’s export markets are located primarily in Central Asia, the Middle East, Europe and Russia. Yasar has invested in Dyo Powder Coatings Facility and Dyo Africa LLC. The powder coatings facility is located in Turgutlu Organized Industrial Zone and will have an initial capacity of six tons. Dyo Africa was founded in Cairo, Egypt to handle the production marketing and sales in the construction, automotive and furniture segments in the Africa and Middle East Markets.  [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-07-05 12:30:00 [updated_at] => 2019-07-03 10:52:51 [last_updated_author] => 197901 [uploaded_by] => 0 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["317404","317586","317594","317583","317566","317373","317599","317407","317581","317409","316174","316157","317580","308278","306457"] [is_show_company_name] => [created_at] => 2019-07-02 12:23:31 ) ) [relatedContent] => Array ( [0] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 316174 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2539 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 190799 [primary_image_old] => [slider_image_id] => [banner_image] => 0 [title] => Egyptian Coatings Show 2019 [short_title] => [summary] => [slug] => egyptian-coatings-show-2019 [body] => [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-06-13 10:54:00 [updated_at] => 2019-06-24 08:39:36 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["311573","315672","309804","316629","313699","304989","309286","316175","310713","305307","316157","308278","306457","306459","311746"] [is_show_company_name] => [created_at] => 2019-06-13 10:47:52 ) [1] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 316992 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2487 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 191159 [primary_image_old] => 0 [slider_image_id] => 191159 [banner_image] => 0 [title] => Covestro Opens New Customer Support Laboratory in Mexico for Coatings, Adhesives, Specialties [short_title] => [summary] => [slug] => covestro-opens-new-customer-support-laboratory-in-mexico-for-coatings-adhesives-and-specialties [body] => Covestro, a leading manufacturer of high performance polymers, is expanding its capabilities in Mexico with the opening of its new customer support laboratory for the coatings, adhesives and specialties (CAS) business unit. This lab will provide enhanced customer service, local support and technical expertise for the company’s fourth largest market worldwide and strengthen the company’s presence in Latin America.

The CAS business develops and provides raw materials that add value to the end product, improving its performance, appearance and durability. Covestro materials are used in a range of applications including wind turbines, transportation, construction, furniture, cosmetics and healthcare.

Covestro aims to work closer with its customers in Mexico to further innovation and develop customized solutions for several market sectors. For example, in the adhesives segment, it envisions widening its support for the furniture market, as well as the footwear industry for which Covestro supplies polyurethane adhesives for easier adhesion of footwear soles.

The new laboratory expands the current support capacities of the North American region and is focused on providing faster service to local customers. The lab will provide technical support for a wide range of coating, sealant and adhesive formulations.

The new lab supports Covestro’s growth strategy in Mexico, which includes the implementation of a fourth production line in the Santa Clara plant located in Ecatepec, Mexico, where polyurethane and CAS material solutions are produced. Globally, the CAS business unit accounts for almost 16 percent of Covestro’s total sales. [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-06-27 13:11:00 [updated_at] => 2019-06-28 08:45:09 [last_updated_author] => 228513 [uploaded_by] => 142069 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["308435","305711","309539","312145","311841","306838","307334","307332","316851","316850","309144","311610","309501","316854","315735","311246","304822","305677","309099","305100"] [is_show_company_name] => [created_at] => 2019-06-26 13:04:52 ) [2] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 317163 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2572 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"Kerry Pianoforte","title":"Editor"} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 191228 [primary_image_old] => [slider_image_id] => 191228 [banner_image] => 0 [title] => Top Companies Report [short_title] => [summary] => [slug] => top-companies-report-354479 [body] => Coatings World is proud to bring the industry our annual Top Companies Report – the only truly global ranking of the top manufacturers of paint and coatings. Our editorial staff has spent many hours researching the industry to provide our readers with the most accurate ranking of paint and coatings manufacturers operating in the global industry.

Rankings are based on annual sales in U.S. dollars. For companies based outside the U.S., sales are translated into U.S. dollars using exchange rates from the company’s fiscal closing date. For privately held companies who choose not to disclose sales figures, our staff interviews different industry sources coupled with our own research to come up with an accurate estimate of annual sales. We profiled 82 companies in this year’s report. All have sales of $100 million or more annually. Companies marked with an asterisk in the ranking on the following page represent Coatings World estimate. Bold companies are those making their first appearance as a Top Company. Two companies have been removed from the list this year: J.W. Ostendorf, which was acquired by Hempel and Whitford, which was acquired by PPG. This year we have added six companies to the list: three from Germany, one from the U.S. and two from China. 

The Top Companies Report is intended to provide our readers with a snapshot of the industry’s most influential players. We hope you will come away with a clearer insight into the future of this truly global and always evolving industry. If you are a paint and coatings manufacturer with sales of $100 million or more for fiscal 2018 and would like to be included in our Top Companies Report, contact me and I will add your company to the online version. 

First Timers
Bardese
Dold
ICP Group
MIPA
Remmers
Xiangjiang Paint Group

Take-out Companies
J.W. Ostendorf
Whitford

2019 Top 20
01 PPG
02 Sherwin-Williams
03 AkzoNobel
04 Nippon Paint
05 RPM
06 Axalta
07 BASF
08 Kansai Paint
09 Asian Paints
10 Jotun
11 Masco
12 Hempel
13 DAW
14 Berger Paints
15 Benjamin Moore
16 Ace Paint
17 DuluxGroup
18 Kelly-Moore
19 SK Kaken
20 Chugoku

2019 Top Companies
01. PPG (USA) $15.4 billion
02. Sherwin-Williams (USA) $12.1 billion*
03. AkzoNobel (The Netherlands) $10.36 billion
04. Nippon Paint (Japan) $5.6 billion
05. RPM (USA) $5.3 billion
06. Axalta (USA) $4.7 billion
07. BASF (Germany) $4.3 billion
08. Kansai Paint (Japan) $3.9 billion
09. Asian Paints (India) $2.75 billion
10. Jotun (Norway) $2.1 billion
11. Masco (USA) $1.8 billion*
12. Hempel (Denmark) $1.49 billion
13. DAW (Germany) $1.447 billion*
14. Berger Paints (India) $1.080 million
15. Benjamin Moore (USA) $921 million*
16. Ace Paint (USA) $900 million*
17. DuluxGroup (Australia) $899 million
18. Kelly-Moore (USA) $860 million*
19. SK Kaken (Japan) $830 million
20. Chugoku (Japan) $802 million
21. Shawcor (Canada) $700 million*
22. KCC (South Korea) $700 million*
23. Beckers Group (Germany) $670 million
24. Dai Nippon Toryo (Japan) $661 million
25. Tikkurila (Finland) $650 million
26. Shangahia Huayi Fine Chemical (China) $585 million*
27. Brillux (Germany) $558 million*
28. Xiangjiang Paint Group (China) $538 million
29. Nihon Toksuhu (Japan) $536 million*
30. Fujikura Kasei (Japan) $502 million
31. Samhwa (South Korea) $500 million
32. TOA Group (Thailand) $484 million
33. Noroo (South Korea) $482 million
34. Teknos Group (Finland) $457 million
35. Cromology (France) $452 million
36. SKSHU Paint (China) $443 million
37. National Paint Factories (Jordan) $427 million
38. Mankiewicz (Germany) $395 million
39. Musashi Paint (Japan) $375 million*
40. Carpoly (China) $373 million
41. Betek Boya (Turkey) $360 million
42. Origin Electric (Japan) $344 million
43. Ennis Flint (USA) $340 million*
44. Tiger Coatings (Austria) $330 million
44. Bardese Chemical (China) $330 million
46. Pacific Paint Boysen (The Phillipines) $290 million*
47. Cloverdale Paint (Canada) $284 million
48. Karworwag (Germany) $277 million
49. CIN (Portugal) $277 million
50. Flugger Group (Denmark) $272 million
51. Lanco Paints (USA) $270 million
52. Taiho Paint (China) $263 million
53. Meffert (Germany) $254 million*
54. ICP Group (USA) $250 million
55. Daoqum (China) $247 million
56. Yasar (Turkey) $238 million
57. Grebe (Germany) $237 million
58. Pintuco (Colombia) $233 million
59. Bauhinia (China) $232.6 million
60. Remmers (Germany) $226 million
61. Rock Paint (Japan) $222.9 million
62. Kikusui Chemical (Japan) $205 million
63. Tambour (Israel) $200 million*
64. MIPA (Germany) $199 million
65. RAR Holdings (UAE) $198.3 million
66. Kapci Coatings  (Egypt) $180 million
67. Frei Lacke (Germany) $171 million*
68. Natoco (Japan) $162 million
69. Dold Gruppe (Germany) $155 million
70. Sniezka (Poland) $153 million
71. Diamond Vogel (USA) $150 million*
72. ICA Group (Italy) $132 million
73. Shinto Paint (Japan) $130 million*
73. Industrias Titan (Spain) $130 million*
75. Kangman Jevesco (South Korea) $129 million
76. Adler-Werk Lackfabrik (Germany) $129 million
77. Asahipen (Japan) $125 million
78. Tnemec (USA) $124 million
79. Kayalar Kimya (Turkey) $123 million*
80. Russian Coatings (Russia) $110 million
81. Tohpe (Japan) $107 million
82. WEG (Brazil) $100 million* [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-07-03 10:59:00 [updated_at] => 2019-09-27 13:30:02 [last_updated_author] => 197901 [uploaded_by] => 142069 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["318033","317113","317348","312951","311654","317350","318167","313625","311478","317055","318426","312469","322920"] [is_show_company_name] => [created_at] => 2019-06-28 10:53:09 ) [3] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 317565 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2572 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 191539 [primary_image_old] => [slider_image_id] => 191539 [banner_image] => 0 [title] => 54. ICP Group [short_title] => [summary] => [slug] => 54-icp-group [body] => Andover, MA, USA
www.icpgroup.com

PRIVATE COMPANY; YEAR ESTABLISHED: 2015

REVENUE: $250 million

MARKETS SERVED
Industrial coatings, Sports coatings, Architectural coatings, Rroof coatings, Environment coatings, Cementitious floor and deck coating

KEY EXECUTIVES:
Doug Mattscheck, CEO;
Sven Doerge, CFO;
Dave Baker, VP operations;
Eric Sifferlin,
VP Business Development;
Scott DeLeo and Doug Caffoe- VP marketing; Mojee Cline
and Doug Rahrig- VP Technology.

ICP Group is a portfolio company of Audax Private Equity. In the first quarter of 2019, ICP Group completed
three acquisitions.

The first acquisition included the brands of Fireshell, Heat Shedder, FireSafe and Structure Saver Intumescent Coatings – proprietary fire and thermal products that have been servicing the various construction markets for over 20 years. The second acquisition included ASTEC, a leading brand of fluid-applied membrane systems for the sustainable restoration of roofs, walls, tanks, piping, ductwork and other industrial surfaces. The third acquisition included Benefect, a world-recognized leader in next-generation botanical antimicrobials that produces disinfectant and clean [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-07-05 12:22:00 [updated_at] => 2019-09-27 09:15:54 [last_updated_author] => 197901 [uploaded_by] => 0 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["317163","318033","312469","312787","313616","313611","314471","313193","321793","312221","320014","311082","321516","315664","317945","320912","311859"] [is_show_company_name] => [created_at] => 2019-07-02 12:15:46 ) [4] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 317569 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2572 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 191547 [primary_image_old] => [slider_image_id] => 191547 [banner_image] => 0 [title] => 56. Yasar [short_title] => [summary] => [slug] => 56-yasar- [body] => Izmir, Turkey
www.dyo.com.tr

PRIVATE COMPANY; YEAR ESTABLISHED: 1927

REVENUE: $238 million

MARKETS SERVED
Decorative paints; Construction paints; Industrial paints; Furniture paints;
Automotive paints; Marine paints

KEY EXECUTIVES:
Selcuk Yasar, honorary president of Yasar Holding; Mehmet Kahya, chairperson of audit committee; Ahmet Metin Onaner, chair of early detection of risk committee.

Yasar Coatings Group is one of the leading paint producers in Turkey. Consisting of five companies led by Dyo Boya, it serves the market with 1,000 different products. Under the brand names Dyo and Dewilux, Yasar Coatings Group employs approximately 1,000 people and exports its products to 40 countries. The group’s export markets are located primarily in Central Asia, the Middle East, Europe and Russia. Yasar has invested in Dyo Powder Coatings Facility and Dyo Africa LLC. The powder coatings facility is located in Turgutlu Organized Industrial Zone and will have an initial capacity of six tons. Dyo Africa was founded in Cairo, Egypt to handle the production marketing and sales in the construction, automotive and furniture segments in the Africa and Middle East Markets.  [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-07-05 12:30:00 [updated_at] => 2019-07-03 10:52:51 [last_updated_author] => 197901 [uploaded_by] => 0 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["317404","317586","317594","317583","317566","317373","317599","317407","317581","317409","316174","316157","317580","308278","306457"] [is_show_company_name] => [created_at] => 2019-07-02 12:23:31 ) ) [relatedSearches] => Array ( [0] => Taxonomy Object ( [className] => Taxonomy [id] => 56996 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => taxonomy [taxonomy_tag] => uv ) [1] => Taxonomy Object ( [className] => Taxonomy [id] => 55208 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => taxonomy [taxonomy_tag] => chemical ) [2] => Taxonomy Object ( [className] => Taxonomy [id] => 56993 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => taxonomy [taxonomy_tag] => innovation ) [3] => Taxonomy Object ( [className] => Taxonomy [id] => 56576 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => taxonomy [taxonomy_tag] => coatings ) ) [contentTaxonomy_knowledge-center] => Array ( ) [formattedTitle] => Innovative Chemical Products Group Acquires Hi-Tech Coatings [taxonomy_keywords] => Array ( [0] => Taxonomy Object ( [className] => Taxonomy [id] => 55208 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => taxonomy [tag] => chemical [slug] => chemical [child_of] => 54554 ) [1] => Taxonomy Object ( [className] => Taxonomy [id] => 56044 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => taxonomy [tag] => industrial [slug] => industrial [child_of] => 54554 ) [2] => Taxonomy Object ( [className] => Taxonomy [id] => 56576 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => taxonomy [tag] => coatings [slug] => coatings [child_of] => 54554 ) [3] => Taxonomy Object ( [className] => Taxonomy [id] => 56993 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => taxonomy [tag] => innovation [slug] => innovation [child_of] => 54554 ) [4] => Taxonomy Object ( [className] => Taxonomy [id] => 56996 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => taxonomy [tag] => uv [slug] => uv [child_of] => 54554 ) [5] => Taxonomy Object ( [className] => Taxonomy [id] => 66931 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => taxonomy [tag] => performance coatings [slug] => performance-coatings [child_of] => 54554 ) ) )