Protech buy powder coatings manufacturer, Innotek

Protech to buy powder coatings manufacturer, Innotek

12:06 PM, 21st September 2012
Protech to buy powder coatings manufacturer, Innotek

MONTREAL, CANADA: Protech/Oxyplast Group, has agreed to purchase the powder coating business and manufacturing assets of Innotek Powder Coatings of Big Spring, Texas, US. Innotek, formerly a wholly owned subsidiary of Wagner & Brown Ltd, is a well-recognized name within the powder coatings industry, specializing in high-performance thermoplastic powder coatings. Financial terms of the deal were not disclosed.

“Innotek’s leading thermoplastic technology is a great addition to our global business. It is complementary to our extensive thermoset powder coatings product range,” said David Ades, Managing Director, Protech.

According to Ades, Protech fully expects to benefit from the excellent business relationships and the unique thermoplastic technology that Innotek has developed over the years. Protech will integrate Innotek’s manufacturing operations into its own organization.

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