Coatings World - June 2008

Fresh Paint

tomer base, including independent dealers, national accounts and company-owned stores in 12 western states,” said Scott Sinetar, vice president, PPG architectural coatings, North America.

The facility is equipped with advanced process equipment, such as a computer-controlled storage tank and batch compounding system, and automated filling equipment, which exceeds ergonomic standards and helps ensure high quality and efficient throughput rates. Production supports paint batches as large as 10,000 gallons, and the facility will manufacture more than 15 million gallons of water-based latex paint per year at full capacity.

Products will be sold under the Olympic, Lucite, Pittsburgh and other PPG paint brands.

Lundtofte, Kgs. Lyngby, Denmark, will continue until May 31, 2010. After that point, a new factory in Poland will take over. Hempel’s remaining departments in Lundtofte, Kgs. Lyngby, Denmark, will

not be affected by the move.

The decision is the result of developments in the global market, according to the company. Growing competition in the paint industry means that it is no longer

INDUSTRI KAPITAL TO SELL CPS COLOR Industri Kapital (IK) has signed an agreement with Nordic Capital Fund VI regarding the sale of CPS Color Group Oy. Based in Vantaa, Finland and with approximately 900 employees in eleven countries, CPS Color is a global supplier of advanced tinting systems supplying all of the necessary tinting system components including colorants, dispensers, mixers, software, marketing materials, technical support and consulting services.

IK acquired CPS Color, formerly known as Tikkurila CPS, in 2000. Since then, the company has undergone significant organizational and operational restructuring, including simplification of the production footprint, resulting in increased efficiencies and cost savings. Under IK’s ownership, CPS Color has focused on organic growth, strengthening of R&D and building its overall solution provider business model. The business has also grown with the acquisition and integration of Corob in 2002.

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