H.I.G. Capital to Invest in Dominion Colour Corp.
TORONTO - Dominion Colour Corp. (DCC) announced a significant equity investment by affiliates of H.I.G., a private equity firm based in Miami. Founded in 1946 and headquartered in Toronto, DCC is privately owned. The company has established itself as a leading global supplier of color pigments and preparations for the coatings, plastics and ink industries.
“We are delighted to welcome a new partner that shares our passion for product development and are excited to announce that our fellow shareholder and Executive Vice President, Dr. Mark Vincent, will stay on and become the new CEO of the business,” said Mike Klein, President and CEO of DCC. “This investment facilitates the orderly ownership succession and retirement of DCC’s senior shareholder group, who will remain as minority shareholders of the business.”
“With its focus on developing innovative technical color solutions, DCC provides a unique value proposition to its longstanding customers worldwide for the use in high-performance coatings, plastics and inks. Mark and his team have developed a truly exceptional portfolio of unique products to meet and exceed its customers’ most demanding performance specifications, and we look forward to providing capital and strategic insight to continue to drive excellence and achieve the company’s growth potential,” said H.I.G. Managing Director Keval Patel.
With technical sales offices in the Americas, Europe and Asia, DCC operates six manufacturing facilities based in Canada, the UK and the Netherlands, providing innovative color solutions to its broad range of customers. DCC and its subsidiaries will continue to operate under its current names and brand names.