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.”