Lorama Group Inc., a leading provider of color dispersions and bio-based additives, announced a definitive agreement to acquire the colorant dispersions business of DCL Corporation, including its manufacturing facilities in Monteith, Ontario, and Waterfoot, United Kingdom.

This strategic acquisition strengthens Lorama’s position in the global paints and coatings industry, enhancing its expertise in innovative color solutions.

Strengthening Expertise and Innovation

Monteith is recognized for its specialized industrial coatings and dispersions, offering decades of industry experience and a strong customer base. Waterfoot, an innovator in color solutions for in-plant and specialty coatings, further expands Lorama’s capabilities in delivering high-quality, tailored products to customers worldwide.

“We are thrilled to welcome Monteith and Waterfoot into the Lorama family,” said Andrew Burnett, CEO of Lorama. “These acquisitions align with our growth strategy and will allow us to offer even more advanced and sustainable solutions. The combined expertise strengthens our position as a global leader in the paints and coatings industry, and we look forward to leveraging our expanded portfolio to better serve customers worldwide.”

Key Benefits for Customers

Lorama’s expanded portfolio will provide significant advantages, including:

• Wider Product Range: Access to a broader selection of high-quality color dispersions, specialty chemicals, and coatings solutions.
• Enhanced Expertise: The combined technical capabilities of Lorama, Monteith, and Waterfoot will drive innovation and support new product development.
• Global Reach: Strengthening Lorama’s presence in key markets, improving service to existing customers, and expanding into new regions.

Commitment to Employees and Customers

Lorama is committed to a smooth integration process for Monteith and Waterfoot employees, ensuring continuity and support during the transition. The company will maintain its high level of customer service and technical support throughout the integration.

“We are dedicated to ensuring a seamless transition for both our new employees and customers and will continue providing the exceptional service and high-quality solutions that Lorama is known for,” Burnett added.