of Desert NDT LLC , first announced on May 8, 2014, for a
total consideration of approximately $260 million, subject to
adjustment for changes in working capital. Desert is a Houston-based provider of
non-destructive testing (“NDT”) services
for new oil and gas gathering pipelines
and infrastructure integrity management
services. Desert operates through 18
branches located in major U.S. oil and gas
basins. The acquisition was funded with
cash and through available revolving
credit facilities. Post-closing, ShawCor
may consider raising equity to repay a
portion of its outstanding revolving debt.
The transaction is expected to be accretive to ShawCor’s earnings per share
within the next 12 months.
Sherwin-Williams and HGTV
Launch Zero-VOC HGTV
HOME, an Acrylic Latex
Paint in Canada
Bringing their designer-inspired colors and wallpapers to a larger audience
of homeowners, HGTV and Sherwin-Williams have launched HGTV HOME
by Sherwin-Williams in Canada. First
introduced to the U.S. market in 2012,
the HGTV HOME by Sherwin-Williams
collection features interior and exterior
paint, wallpaper and pre-coordinated
color palettes, making it easy for consumers to create a cohesive look throughout
their home.
Each of the eight HGTV HOME by
Sherwin-Williams collections features
wallpaper, as well as interior and exte-
rior paint color options. HGTV HOME
by Sherwin-Williams Interior Acrylic
Latex Paint is a zero VOC formula that
provides a durable, washable coating for
use in all areas of your home and is avail-
able in flat, satin and semi-gloss finishes.
HGTV HOME by Sherwin-Williams
Exterior Acrylic Latex paint provides
a durable and mildew resistant coat-
ing for use on properly prepared wood,
brick, concrete block, metal, aluminum
siding and masonry and is available in
flat, satin and gloss finishes. Each pal-
ette highlights colors that are designed
to work beautifully together, in any com-
bination. Homeowners simply choose
the designer-inspired look they want to
achieve from a series of collections with
varying themes.
Axalta Wins Best Employer
in Russia Award from
Human Resources Russian
Association
Axalta Coating Systems has received the
Best Employer in Russia award from the
Russian Business Captains Association at
the annual Human Resources Ceremony
held in Moscow in May 2014. The judging panel, made up of a team of experts
from leading consulting companies and
HR experts, chose Axalta in Russia from
among 200 nominated companies.
Collectively, Axalta in Russia and its
joint venture - Axalta Russian Coatings,
LLC – in Yaroslavl, Russia, employ more
than 140 people; most are based at its offices in Moscow while some representatives are located in Saint Petersburg and
Yekaterinburg. In addition to serving
customers in Russia, the company has
liquid, industrial and powder coating
business customers in Ukraine, Belarus
and Kazakhstan. Its joint venture focuses
on automotive OEM. Axalta in Russia
is currently working on the launch of its
training center for automotive body shop
technicians, which is planned for completion in 2015.
PPG Introduces Online
Digital Design and
Specifications Binder for
Metal Coatings
PPG Industries’ coil and building products coatings group announced that its
Architectural Metal Coatings binder is
now available online in a digital, down-loadable format at www.ppgideascapes.
com. The digital binder features fully
updated catalogs, product brochures and
data sheets for PPG’s entire roster of PPG
liquid coil coatings
California Products Acquires
Muralo Paint Brands
California Products Corporation, a
Delos Management portfolio compa-
ny, has acquired certain assets of The
Muralo Paint Company. Muralo Paints,
founded in 1894 and headquartered
in Bayonne, New Jersey manufac-
tures paints and coatings that are sold
through paint retailers in over 20 states.
The acquisition includes certain Muralo
and Graham brands and product lines
including Spackle, Adhesium and other
associated lines.
The acquisition of the Muralo Paint
brands offers California Paints many op-
portunities for expanding its brands and
product lines while reinforcing its long-
term commitment to its employees and
customers. “This acquisition provides
an opportunity to leverage our skilled
workforce and state of the art manu-
facturing facility,” states California
Products’ Chairman and CEO Peter
Longo. “This transaction offers a stra-
tegic fit that will add complementary
products, brands, and geographies. We
are committed to expansion and busi-
ness augmentation and will continue
to seek out market opportunities to ad-
vance our brands and products.”
Several individuals from Muralo will
be joining the California team in the areas
of management, sales, customer service
and distribution. California is pleased
to announce that Jim Norton, President
& CEO will join the California manage-
ment team. “I am pleased to be joining
an organization whose commitment to
quality, service and customers mirrors
my 40 plus years in business,” states Jim
Norton. I look forward to the continued
support of our existing customer base,
while adding the well recognized values
of the California Paints offering.”
Matt Constantino of Delos
Management said, “We strongly support
California Products’ efforts to expand
within the architectural coatings mar-
ket and believe that this transaction will
further its goal and also make a com-
mitment to the industry on our future.”
Constantino continued, “We are pleased
to partner with a well respected company
that has thrived for more than a century
under strong and innovative leadership.
Continuing on our strategy to become a
leading provider of high quality paints
and coatings, our partnership with The
Muralo Company positions the com-
bined businesses to better serve and fa-
cilitate the growth of our customers.” CW
