SYDNEY, Australia - Australian coatings company Wattyl Ltd. announced the sale of its Wasser High-Tech Coatings business, based in Kent, WA, to an investment group. Terms of the sale and other details were not announced.
Wattyl did not identify the investment firm, but the group is reported to own several North American coatings companies, including Polyval Coatings, based in Quebec; Solignum, based in Ontario; and Xymax Coatings Inc., Addison, IL.