The Protech Group has reached an agreement to acquire the liquid coatings business of Excalibur Paints & Coatings Ltd. (Excalibur Paints) based in Wichita Falls, Texas, USA.
On June 4th, 2021, the Protech Group has officialised the acquisition of protective coatings manufacturer Excalibur Paints, which counts over 20 years of experience in production of numerous unique, special and environmentally friendly products. The company’s product line includes Epoxy Systems, Alkyd Coatings, Corrosive-inhibitive Primers, Polyurethanes and Chemical Resistant linings.
Manufacturing equipment will now be relocated within existing Protech Group facilities in the United States, while Excalibur Paints formulations and products will be integrated under the Protech Group portfolio of liquid coatings brands.
"This acquisition strengthens our liquid coatings capabilities,” highlights 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.”
“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,” adds Randall Funston, Owner, Excalibur Paints.
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).