October 18, 2021
The Protech Group has reached an agreement to acquire the thermoset powder coatings business of Lynx Thermoset Coating Ltd based in Calgary, AB.
The acquisition was completed on October 18, 2021. All manufacturing equipment will remain on-site in Calgary and Lynx employees will join the Protech Group.
Lynx’s portfolio of coatings products combines more than 40 years of experience in the industry. Now part of the Protech Group, the Lynx facility will serve as a local quick turnaround custom order facility and a warehouse for hundreds of stock colours from 10 other Protech Group production sites in North America.
“I’m pleased to welcome our newest team members to the Protech Group and look forward to all we can accomplish together as one Protech Group,” says David Ades, President, Protech Group. “The addition of Lynx’s team, industry expertise, and operations strengthen provide a strong platform for growth in western Canada.”
Derek Sheppard, former President of Lynx Thermoset Coating Ltd and now Facility Manager at the Protech Group, adds, “We strongly believe that being part of the Protech Group will accelerate operational growth by increasing market access through the Protech Group’s existing sales and distribution channels.”
Acquisitions are at the heart of the growth strategy at the Protech Group, the company says. Since the beginning of the COVID-19 pandemic in 2020, the Protech Group has acquired three businesses including the thermoset powder coatings business of ACG industries (Gondecourt, France), and the liquid paints business of Excalibur Paints & Coatings Ltd. (Wichita Falls, TX), and Winslow Browning Inc. (Liberty, IN).