ASHTABULA, Ohio--(BUSINESS WIRE)--Chromaflo Technologies, the premier global provider of colorant technology solutions, is pleased to announce the acquisition of Central de Colores Plásticos’ (CECOPLAS) colorants business. Chromaflo Technologies and CECOPLAS have come to a purchase agreement whereby Chromaflo Technologies will acquire CECOPLAS’ colorants with production in Querétaro, Mexico. The business acquisition is effective November 1, 2018.
“The acquisition of this business from CECOPLAS is consistent with our efforts in supplying quality colorants and additives for high performance thermoset products in the Americas’ markets and beyond,” said Scott Becker, President and CEO of Chromaflo Technologies. “The addition of CECOPLAS will provide us an opportunity to serve the Mexican market to a more effective degree.”
Production will remain at the current location in Mexico. This will enhance Chromaflo Technologies’ North American manufacturing facilities.
“With any merger or acquisition, our number-one goal is to assure continuity of supply while building stronger relationships to enable us to meet and exceed customers’ expectations,” said Larry Haines, Vice President of Mergers and Acquisitions of Chromaflo Technologies. “We are confident that our acquisition of CECOPLAS will add to our mission and create an improved service level for existing clients.”
About CECOPLAS: CECOPLAS (Central de Colores Plásticos, S.A. de C.V.) is a Mexican Company with more than 20 years in the market manufacturing high quality products for the plastics industry. Clients are plastics manufacturers, compounders and molders mainly comprised of PVC, PUR, Polyester, Polyolefins, among others supporting applications in automotive, textiles, shoes, toys and associated applications.
About Chromaflo Technologies: Chromaflo Technologies is a leading independent global supplier of colorant systems, chemical and pigment dispersions, serving customers in architectural and industrial coatings as well as the thermoset plastics market. Headquartered in Ashtabula, Ohio, U.S., Chromaflo has production facilities in the U.S., Canada, The Netherlands, Finland, Australia, South Africa, China and India. Sales and technical support is also provided throughout North and South America, Europe, Australia, China, India and Southeast Asia. Commitment to excellence is driven by three core values: quality, speed and service. All Chromaflo Technologies manufacturing facilities are ISO-9001 certified, while many also hold ISO-14001 and/or OHSAS-18001 certifications.