18 July 2012 17:29 [Source: ICIS news]
HOUSTON (ICIS)--Arclin, a maker of bonding and surfacing materials for the building industry, confirmed on Wednesday that it has acquired the North American operations of Coveright Surfaces, including manufacturing facilities in Cobourg, Ontario and Blythewood, South Carolina.
With the acquisition, privately-held Arclin increases its capabilities to supply decorative surface overlays, including decorative melamine, laminate flooring films and phenolic films, used largely in the manufacture of furniture, cabinetry, fixtures and flooring.
"The combined company will offer an extensive portfolio of overlay products manufactured at five facilities, one located in Canada and four in the United States," said Arclin President Russ Taylor.
Financial terms were not disclosed. Ontario-based Coveright's operations in South America are not affected by the deal.
"The demand for decorative surface overlays, also called thermo-fused melamine (TFM) is increasing in North America," said Taylor.
“Downstream markets are increasingly looking for high performing, cost effective surfacing solutions," Taylor said, adding that the acquisition was driven by Arclin and Coveright’s mutual desire to meet further projected increases in demand for these products as the economy gradually improves.
Ontario-headquartered Arclin is a producer of bonding and surfacing products for building and construction, engineered materials, agricultural and natural resource markets.
Arclin surfacing products are used in decorative panels, building products and industrial specialty applications for North American and export markets.
Coveright is a producer of surface materials for furniture, flooring and building industries.
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