Quebec-based The Protech Group, coatings, paints, and specialty materials manufacturer, has reached an agreement to acquire the liquid coatings business of Excalibur Paints & Coatings Ltd. (Excalibur Paints) based in Wichita Falls, TX.
Manufacturing equipment will now be relocated within existing Protech Group facilities in the U.S.
Excalibur Paints formulations and products will be integrated under the Protech Group portfolio of liquid coatings brands. Excalibur Paints is a protective coatings development and manufacturing company with over 20 years of experience that specializes in production of numerous products including alkyd coatings, corrosive-inhibitive primers, polyurethanes, and chemical-resistant linings.
“This acquisition strengthens our liquid coatings capabilities,” says David Ades, President of the Protech Group. “It allows us to expand our customer base, keep up with the growing demand, and offer a great depth of solutions to them.”
Randall Funston, Owner, Excalibur Paints says, “It is an exclusive opportunity to have the Protech Group, a global player in the industry, to take the reins of our business and ensure continued growth with current and future clients.”
Acquisitions are a continuous part of the growth strategy at the Protech Group, the company says. Despite the global pandemic, this is the third acquisition within the last year for the company. The Protech Group recently acquired the coatings division of ACG Industrie (France) and the liquid coatings manufacturer, Winslow Browning Inc. (USA)