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August 9, 2005
By: KERRY PIANOFORTE
Editor, Coatings World
Palladium Equity Acquires Paint Finishing System l Palladium Equity Partners, LLC, a private equity firm, has made a controlling investment of $40 million in Haden International Group, Inc., a privately-held company that provides paint finishing systems. With 2000 sales of approximately $300 million, Haden, based in Auburn Hills, MI, is one of the world’s largest suppliers of equipment to companies such as DaimlerChrysler, Toyota, General Motors, Ford, BMW and Boeing. “For over 50 years, Haden has been recognized as a provider of the highest quality paint finishing systems, and is known the world over for its innovative engineering and technological leadership,” said Marcos Rodriguez, managing member of Palladium Equity Partners. “This is a terrific opportunity for Palladium to invest in one of the industry’s leading paint finishing equipment suppliers. Our investment will provide the company with the financial resources it needs to build upon its industry expertise, strong management team and proven track record, allowing the company to launch into a new phase of growth.”
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