08.11.16
Huron Capital Partners LLC has announced that its portfolio company, Valentus Specialty Chemicals, Inc., has acquired the wood floor finishes business of New Rochelle, NY-based Paint Over Rust Products, Inc. The wood floor finishes business will continue to operate as Absolute Coatings, Inc. This transaction represents the third acquisition for Valentus, an ExecFactor initiative launched by Huron Capital and coatings industry veterans Ray Chlodney, John Ragazzini and Bob Taylor.
A family-owned business founded in 1923, Absolute manufactures high-performance, environmentally-friendly wood floor finishes primarily under the ABSCO, Last-n-Last, and TREK-Plus brands. A leading manufacturer of waterborne coatings, Absolute adds technological expertise to the Valentus platform along with expanded distribution in the Northeast and Mid-Atlantic regions.
As part of the transaction, David Sherman, CEO and owner of POR Products, will join Valentus’ Board of Directors. David Sherman will retain a significant ownership stake in Valentus and will re
A family-owned business founded in 1923, Absolute manufactures high-performance, environmentally-friendly wood floor finishes primarily under the ABSCO, Last-n-Last, and TREK-Plus brands. A leading manufacturer of waterborne coatings, Absolute adds technological expertise to the Valentus platform along with expanded distribution in the Northeast and Mid-Atlantic regions.
As part of the transaction, David Sherman, CEO and owner of POR Products, will join Valentus’ Board of Directors. David Sherman will retain a significant ownership stake in Valentus and will re
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