grow and develop.”
This year, through the Trust Index
Survey, 93 per cent of BASF Canada em-
ployees agreed that BASF is a safe place
to work, 90 per cent said that they are
proud to work for BASF, and 85 per cent
said they have the intention to work for
BASF for a long time.
This is the first time BASF has been
recognized as one of Canada’s Best
Workplaces in Manufacturing. Great
Places to Work has more than 30 years
of experience and research that defines
what it means for an organization to be
a great workplace.
RPM Purchases Polymer
Flooring & Coating Systems
Manufacturer
RPM has acquired Key Resin Company,
a manufacturer of polymer flooring
and coating systems. It will operate as
one of RPM’s Euclid Group of compa-
nies. Headquartered in Batavia, Ohio,
Key Resin has annual net sales of ap-
proximately $25 million. Terms of the
transaction, which is expected to be
accretive to earnings within one year,
were not disclosed.Key Resin manu-
factures and markets terrazzo and res-
inous flooring, wall coating systems,
concrete repair materials and mainte-
nance products for industrial, institu-
tional and commercial applications. It
sells directly to contractors and facil-
ity owners, enabling Key Resin to pro-
vide highly insightful and responsive
customer service and technical sup-
port. The company primarily serves the
North American market.
“Key Resin fits right within our sweet
spot for acquisitions. It’s a well-run, fam-
ily-founded specialty coatings business
that is a market leader,” stated Frank C.
Sullivan, RPM chairman and chief execu-
tive officer. “This transaction expands our
Euclid Group’s flooring systems prod-
uct offering and market share in North
America, and positions it as a significant
player in terrazzo flooring. Key
Resin will continue to be run by
Jeff Cain, a second-generation
family leader of the business,
and his strong management team.”
PPG to Acquire Coatings
Application Services
Provider The Crown Group
PPG has reached a definitive agreement
to acquire The Crown Group, a U.S.-based coatings application services business, from High Road Capital Partners
and Charter Oak Capital Partners. The
transaction is expected to close in the
third quarter 2017, subject to customary
closing conditions. Financial terms were
not disclosed.
Crown, headquartered in Warren,
Michigan, is one of the leading component and product finishers in North
America. The company applies coatings
to customers’ manufactured parts and assembled products at 11 U.S. sites. Most
