TEANECK, NJ – Nippon Paint (USA) Inc., a subsidiary of Nippon Paint Co. Ltd. of Osaka, Japan, has reached an agreement with Protech Chemicals Ltd. to sell the powder coating business of NPA Coatings Inc. (NPAC), also known as Seibert Powder Coatings. The transaction is expected be finalized by November 15, 2013. Seibert Powder Coatings is a division of NPAC, a wholly owned subsidiary of NP-USA, located in Cleveland. Protech plans to continue to manufacture powder paint at the Cleveland facility and offer employment to the majority of current employees.
David Ades, Managing Director of Protech, noted, “The acquisition of NPA’s powder business allows us to expand into new markets, particularly the automotive sector in which NPA is a leader. We are committed to maintaining the well-earned reputation that NPA has built over the past 20 years.”
NPAC’s liquid paint division will continue to supply paint and coatings to its OEM and tier automotive customers.
The Protech group, Montreal, Canada, develops, produces and markets thermoset and thermoplastic powder coatings. The company produces coatings under the Protech, Prolux, Oxyplast, Thermoclad and Innotek labels. It has eight production facilities in the Americas and Europe and 15 licensees in South America, the Middle East and Asia.