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Global colorant provider Chromaflo Technologies Corp has acquired colorant dispersion division of South Africa’s Liquid Colours (Pty) Ltd for an undisclosed price.
The United States headquartered company said the deal strengthens the firm’s position in the Sub-Saharan African region.
Chromaflo Technologies is the suppliers of chemical and pigment dispersions to the thermoset composites and architectural & industrial paint and coatings industries.
Liquid Colours’ colorant dispersion unit includes pigment dispersions and colorant technologies for decorative paint point of sale, in-plant systems, industrial coatings and other applications. The division will be integrated into Chromaflo’s recently-built plant in Johannesburg.
Following the acquisition, Chromaflo Technologies South Africa will be headed by former Liquid Colours general manager Lyle Peters. It will be supported by S. R. Rao, Chromaflo’s regional commercial director ISC & SSA.
Officials revealed that the deal will be completed over the next 12 months as the transfer of product lines, technology and personnel from the Liquid Colours’ dispersions division will be done during the period.
Chromaflo APAC managing director and vice president John Dry, said, “The combination of our existing business and that of Liquid Colours’ dispersion division is a significant and exciting development for our business in Southern Africa. It provides us with a solid platform in both volume and technology, coupled with a diverse range of products to further increase our regional footprint.”
Featured Image Courtesy: LinkedIn
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