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.
In this capacity, Doubman will lead a team of over 1,000 employees, and will be responsible for accelerating revenue growth and enhancing profitability for the company.
The new team equipment features shorts and sports shoes with designs using Huafeng’s newly launched textile coating system, which contains partly bio-based PU dispersions from Covestro.
The investment will fund numerous developments across the site, including the transition to automated production processes and plans to increase production capacity and storage space.
The newly acquired facility manufactures color-match touch-up paint, custom aerosol, and other specialty coatings. Diamond Vogel hopes to accelerate its aerosol growth strategy with the new acquisition.
Jasper was a founding member and a key player in developing the company’s ECOLEAF technology at ACTEGA Metal Print, and the company says Jasper’s expertise has been integral in establishing ECOLEAF’s current structure.