ELIZABETH, N.J. - The sale of the assets of Magruder Color to Pochteca Color Company LLC has been completed. Pochteca Color has changed its name to Magruder Color, LLC.

"We have provided the new Magruder Color with a substantial capitalization to give the business the financial strength to grow and to serve customers on a timely basis," stated Steve Smith, president of the new Magruder Color. The new Magruder Color, based in Elizabeth, N.J., is a manufacturer and marketer of specialty organic pigments and pigment preparations.