Posted in | News | Coatings and Thin Films | Business | Packaging

Caltius Equity Partners Acquires Controlling Interest in National Industrial Coatings

Editorial Checklist Reviewed
Jan 7 2011

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Caltius Equity Partners has acquired a controlling interest in National Industrial Coatings, Inc. (“Nicoat”).

“We are extremely excited to partner with Caltius, especially given their past success in the specialty chemicals industry. The management team and I are impressed by their thorough understanding of the business. Having a knowledgeable partner will help us continue to achieve our strategic growth initiatives,” added Chuck Turnbull, President of Nicoat.

“We look forward to supporting Chuck and his team as they to continue to build Nicoat’s business throughout the US and internationally. The company’s ability to grow through this difficult economic environment is a testament to its high quality products, deep technical abilities and strong management team,” said Jeffrey Holdsberg, Managing Director of Caltius.

Nicoat is the eighth investment out of Caltius' second private equity fund, Caltius Equity Partners II, LP.

Source:

http://www.nicoat.com/

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