Fenix Group Acquires TCI Coatings
MINNETONKA, MN – Fenix Group has acquired substantially all the business assets of TCI Coatings (TCI), Lubbock, Texas, a leader of specialty and high-performance coatings for industrial applications. TCI serves Texas and surrounding states.
For over 60 years, Fenix brands have been leaders in specialty high-performance coatings and concrete and decorative solutions. The company has been focused on strategically acquiring premier brands to expand its manufacturing, sales and distribution footprint. CEO Ray Torres said, “TCI fits our strategic objective of acquiring strong brands, offering premium quality products, in areas where we are either not currently represented or are under-represented. TCI allows us to expand our manufacturing and warehousing footprint in a region we consider very attractive and augments our already strong product portfolio for the Industrial market and OEMs. We are extremely excited about TCI joining the Fenix family of brands.”
TCI Coatings was founded by Charles Horton in 1959 and has historically supported its customer partners through quality, service and innovation. Kathleen Tims, President of TCI said, “We have been in discussions with Fenix for some time now and believe we found the right partner for TCI. Our core values are very similar, which gives us great comfort for the ultimate benefit of our valued employees, customers, and vendors. We look forward to supporting Fenix through the transition and the next growth phase in Lubbock”
Bob Madura, VP of Sales for Fenix’s Industrial Group, said, “Partnership with TCI allows us to fill several product and geographic gaps, while adding much needed capacity to support our growth initiatives with a strong, recognized and respected brand in Texas and the surrounding states.”
In adding the TCI brand, Fenix Group now has six brands within its portfolio: Sierra Performance Coatings, TK Products, SureCrete Design, Concrete Coatings, Burke Industrial Coatings, and now TCI Coatings.
Learn more about Fenix Group at www.fenixspc.com.
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