Gary LeRoux, President and CEO, Canadian Paint and Coatings Association10.02.17
The impact consolidation has on the coatings industry is tangible, one that first emerged more than 20 years ago and continues today with several mergers and acquisitions in play. In particular, it changes the complexion of the supply and demand curves in terms of raw material supply and related pricing. This filters down the supply chain – right to the customer at the point of sale for both the industrial and retail sectors. As a result, companies of all sizes have had to roll with the punches, with some feeling the heat and others thriving.
With regard to the current status of the coatings industry in Canada, CPCA is conducting a comprehensive economic impact study of this national industry in concert with Orr & Boss. It is the first of its kind in Canada. This study will confirm some of the trends CPCA has been tracking for its members and how those trends might shape the future of the industry. Since the introduction of NAFTA, which is currently being renegotiated
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