Precision Technology Acquired by Valentus Specialty Chemicals
United
States: Valentus
Specialty Chemicals (Valentus) which is a holding company of US-based Huron
Capital Partners has recently acquired the floor finishes business of Precision
Technology (Precision) which is based in Tennessee. Huron Capital partnered with
John Ragazzini, Ray Chlodney and Bob Taylor which are the well-known names in
the coatings industry, and Valentus was formed. The Precision Technology deal
is the 2nd for Huron's and is focused on specialty coatings. In
December 2015, Valentus acquired National Paint Industries (NPI), a coatings manufacturing
company. The company has plans to expand its business across geographies and
add new products under its brand name.
TechSci Research depicts that the expansion plans of Valentus Specialty Chemicals would help the company to grow as a
brand name. This would expand the company’s product portfolio as the floor
coating business of Precision includes; acid cure floor coating system, that is
inclusive of Swedish Crown and Swedish Finish product lines as well as the
Precision Polyurethane oil-based finish.
According to TechSci Research report “GCC
Construction Chemicals Market By Type, By End User, Competition Forecast and
Opportunities, 2011 – 2021 – Saudi Arabia, UAE, Qatar, Kuwait, Oman &
Bahrain”, the construction chemicals market in the
GCC countries is projected to grow at a CAGR of over 7% during 2016 - 2021, due
to rising government spending on construction projects coupled with increasing
participation by private players in the real estate sector. The report also
discusses about other major construction chemicals consumed in the GCC
countries include flooring chemicals, grouts, mortars, anti-corrosive agents.