The completion of the transaction is still subject to customary closing conditions, and both parties have agreed not to disclose the purchase price. Grace Matthews served as exclusive advisor to Silberline, a company specializing in developing and manufacturing effect pigments utilized in various applications.
The launch of new optimized pump lines follows the successful acquisition of the Termomeccanica Pompe brand. This strategic move blends the strengths of Trillium's horizontal pumps between its Gabbioneta Pumps and Termomeccanica Pompe brands.
“We are always looking for opportunities to better serve our customer base and we felt this warehouse was the perfect addition to our Midwest footprint,” said Ken Moran, President.
The acquisition of the specialty chemical distributor, active in both the life sciences and industrial chemicals segments in Colombia,
represents a strategic expansion of the company's footprint, consistent with its growth objectives in the region.
This strategic acquisition marks the culmination of the most active year on record for PSE in terms of mergers and acquisitions. Including Interbay, the company forged partnerships with eight distributors specializing in automotive refinish and specialty coatings products and services.
"Joining forces with Hidden Harbor presents an opportunity for Teckrez to continue to enhance our offerings and expand alongside our customers," said Marc Jackson, President & CEO of Teckrez. Grace Matthews, Inc. served as financial advisor to Teckrez on the transaction.
Commenting on the decision, AkzoNobel CEO, Greg Poux-Guillaume, said: “It's disappointing that this intended acquisition cannot move forward, but we remain committed to our strong businesses and leading brands in Africa."
The acquisition provides high-quality people, industrial technology, manufacturing, and formulating capacity to Rodda Paint Co. and the Cloverdale Paint Group.
With this acquisition, Excelitas moves to further expand and broaden its industrial technology portfolio with a highly complementary set of photonic solutions across the lighting spectrum.
