May 8, 2023
Canlak Coatings Inc., a portfolio company of SK Capital Partners and leading formulator and manufacturer of high-quality wood coating systems for commercial and residential flooring, sports flooring, cabinet, furniture, and wood focused architectural applications, recently announced the acquisition of Ceram-Traz Corporation d.b.a Ceramic Industrial Coatings. Ceramic Industrial Coatings is a manufacturer of proprietary wood coating systems and related CASE (coatings, adhesives, sealants and elastomers) products. The acquisition of Ceramic Industrial Coatings aligns with the Canlak’s vision to create a specialised wood coating systems business while accelerating its growth in the North American OEM wood coatings market.
The financial terms of the deal were not disclosed.