Insl-x Products to Acquire Wattyl's Coronado and Lenmar Businesses
Coronado, based in Edgewater, FL, is a producer of architectural coatings. Lenmar, based in Baltimore, is a manufacturer of lacquers and polyurethane coatings. Wattyl, headquartered in Sydney, said the sale is part of a plan to focus on its core market in Australia and New Zealand.
Wattyl in the last several years divested its other U.S. coatings businesses, including Wasser High-Tech Coatings and a 20-store retail paint operation in the southeastern United States.