Managing Director, overseeing Canlak Coatings’ U.S. Laubscher will continue with the Company as U.S. Our customers will now have access to additional specialized ultraviolet and low VOC coating technology offered by Canlak Coatings,” said Rob Laubscher, President and CEO of Ceramic Industrial Coatings. “We are tremendously excited for our future partnership with Canlak Coatings, believing all stakeholders will benefit. The Company will support and grow its presence in the North American market through an expertly trained sales and technical staff supported by state-of-the-art wood coatings laboratories, serving as a proven partner to the Company’s customer base. The combined Company will offer a comprehensive portfolio of wood coating products and provides Ceramic Industrial Coatings’ customers access to Canlak Coatings’ differentiated ultraviolet and water-based coating technologies. while strengthening the Company’s focus in OEM wood coatings. The acquisition of Ceramic Industrial Coatings is highly complementary to Canlak Coatings and enhances the Company’s geographic coverage in the U.S.

Ceramic Industrial Coatings also provides comprehensive, full-scale production capabilities for related CASE products. Ceramic Industrial Coatings has a strong brand reputation as a supplier of custom, proprietary water and solvent-based wood coatings. With more than 50 years of experience, Ceramic Industrial Coatings is a leading manufacturer and supplier of specialty coatings and associated products with a focus on high quality, wood applications.

The financial terms of the deal were not disclosed. The acquisition of Ceramic Industrial Coatings aligns with the Company’s vision to create a specialized wood coating systems business while accelerating its growth in the North American OEM wood coatings market. Ceramic Industrial Coatings is a manufacturer of proprietary wood coating systems and related CASE (coatings, adhesives, sealants and elastomers) products. (“Canlak Coatings” or the “Company”), a portfolio company of SK Capital Partners (“SK Capital”) 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, announced today the acquisition of Ceram-Traz Corporation d.b.a Ceramic Industrial Coatings (“Ceramic Industrial Coatings”). NORTH BRUNSWICK, N.J.-( BUSINESS WIRE)-Canlak Coatings Inc.

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