VANTAA, Finland - CPS Color Group Oy, the global leader in integrated paint tinting solutions, has acquired LENTEQ Industries B.V., a specialist provider of dispensing and mixing equipment based in Lisserbroek, Netherlands. It has been acquired from Stibbe Management B.V., a privately held investment group based in the Netherlands. LENTEQ has an annual turnover of approximately EUR 3 million.
LENTEQ’s strengths in innovative piston pump technology are set to enhance and complete CPS Color’s product portfolio. CPS Color is the only supplier to offer end-to-end tinting solutions including colorants (liquid pigments), dispensing and mixing equipment, software and color marketing tools, as well as a global sales and support network. Through its network, CPS Color is set to expand the sales of the LENTEQ technology further.
Henrik Lif, CEO of CPS Color, said, “After-sales service is a key decision parameter for a company choosing an equipment supplier. On the basis of our sales and service network, we can support and further develop the sales of LENTEQ’s products. Adding LENTEQ’s high-quality piston pump dispensers to our portfolio will further allow our customers to choose from the most comprehensive line of tinting solutions in the industry.”
While CPS Color already offers piston pump dispensers as part of its COROB equipment line, LENTEQ’s additional products will further enhance CPS Color’s portfolio. LENTEQ offers piston pump equipment covering a broad range, from 16-canister right up to 32-canister machines. While few paint producers operate tinting systems based on 32 colorants, a 32-canister machine enables two different tinting systems to be run on a single machine. Paint producers could, for example, combine a solvent (industrial) tinting system and a VOC-free system, using sets of 16 colorants each. This concept is often applied to sell a wider product range of paints in smaller and medium-sized outlets.
CPS Color Acquires Dispensing Equipment Specialist LENTEQ
March 30, 2011