Valentus Specialty Chemicals Acquires Wood Floor Finishes Business
DETROIT – Huron Capital Partners LLC’s portfolio company, Valentus Specialty Chemicals Inc., has acquired the wood floor finishes business of Paint Over Rust Products Inc., New Rochelle, New York. 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, environment-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 the Valentus Board of Directors.
Based in Detroit, Huron Capital is an operationally focused private equity firm with a long history of growing lower middle-market companies through its proprietary ExecFactor buy-and-build investment model.