The Acquisition of PCR Group will provide ChemQuest with expertise on powder formulations and applications.
The ChemQuest Group
Inc., a global business strategy and external technology development firm with focus and expertise specific to the specialty chemicals markets, has announced the acquisition of the Powder Coating Research Group, an independent powder coating formulator, tester and developer from Columbus (OH, USA), founded by Kevin Biller.
The acquisition will allow ChemQuest to improve its expertise on powder coating formulation and to count on another laboratory. The two companies will join forces, with the aim of becoming a comprehensive resource for powder coating technology. The novel powder coatings created by the PCR Group can now be applied at the ChemQuest Technology Institute in a replicate manufacturing environment.
“It is my pleasure to announce the acquisition of PCR Group, an organization I have admired for many years. Kevin Biller and his team are consummate professionals. Both are innovative organizations with deep knowledge of history and a strong view of the future. We parallel each other in our approach to clients and delivering on our promises. These are synergies people say they want but rarely get in a merger or acquisition,” declared Dan Murad, CEO of ChemQuest.
“We are looking forward to capitalizing on the synergies between the two organizations. By combining ChemQuest’s extraordinary market reach and CQTI’s world class application facilities with PCR Group’s vast experience and industry presence, we foresee an amazing future,” stated Kevin Biller, CEO of Powder Coating Research Group.