CPS Color acquires Pinova AG, Central Europe's leading colorant specialist for façade applications
Sep 13, 2011
CPS Color Group Oy, the global leader in integrated
tinting solutions for paints and coatings, has acquired
Switzerland-based Pinova AG. Pinova is the market leader in
colorants for facade coatings and wet plasters in German-speaking
Europe and CEE countries. The seller is a fund managed by AFINUM
Management GmbH, one of the leading mid-market private equity fund
manager in German-speaking Europe. The parties have agreed not to
disclose the terms of the agreement.
"The merger of the Pinova portfolio with CPS Color is the perfect
match between tinting expertise, complementary product offerings
and geographical focus", said Henrik Lif, President and CEO of CPS
One of Pinova's core strengths is in the development of tailored
colorant systems for the construction, paint, and coatings market.
Just like CPS Color, their products are well ahead of the latest
environmental and technological regulations.
With the addition of Pinova's market leading Novapint product
range, CPS Color will further expand into the attractive niche
market of wet plaster colorants which shows excellent growth
potential. The European plaster colorant market is estimated to
grow by 6.5 percent p.a. over the next three years.
The majority of Pinova's sales are generated from facade products,
with more than half of those related to colorants used for plaster
applications. Pinova also provides high quality industrial colorant
solutions that are frequently used in high-end wood and metal
Colorants for wet plaster applications pose particular challenges
in terms of base material compatibility and long-term durability
due to direct sunlight and environmental factors. Pinova has 30
years of experience in offering solutions for state-of-the-art
colorant ranges fulfilling the highest demands in terms of water
repellence and weather fastness.
CPS Color's extensive sales and service organization is poised to
expand global reach and sales of Pinova's products to both existing
and future customers.
For further information, please contact:
Martijn Kunnen Head of Colorant
Sales EMEA CPS Color
Office: +31 46 4570134
Cell: +31 6 51556634 email@example.com
Sales and Marketing Director
About CPS Color
Headquartered in Vantaa, Finland, CPS Color is the world's leading
supplier of advanced color solutions for the global paints and
coatings industry. CPS Color offers complete tinting solutions:
CPSCOLOR TM colorants (liquid pigments), COROB TM dispensing and
mixing/shaking equipment, software, color marketing tools, customer
support and service.
CPS Color Group has a global organization employing 900 color
professionals with operations on six continents. The Group's 2010
turnover amounted to 181 million Euros. CPS Color is owned by
Nordic Capital Fund VI. For further information, please visit: www.cpscolor.com.
AFINUM Management GmbH is a private equity fund manager based in
Munich with additional offices in Zurich, Vienna and Hong Kong.
With 14 professionals AFINUM invests in midsized companies in
German speaking Europe and has currently around EUR 440 m under
Pinova AG is after d&b Audiotechnik GmbH the second exit from
its current buyout fund AFINUM Fünfte Beteiligungsgesellschaft mbH
& Co. KG. For further information, please visit: www.afinum.de.
About Nordic Capital Private Equity Funds
Since the start in 1989, Nordic Capital Private Equity Funds
have invested in large and medium sized companies, primarily in
Northern Europe. Through committed ownership and by targeting
strategic development and operational improvements, Nordic Capital
creates value in its investments. The funds invest in companies in
Northern Europe and in selected investment opportunities
internationally. They are based in Jersey, Channel Islands, and are
advised by the NC Advisory companies in Sweden, Denmark, Finland,
Norway, Germany and the UK. Additional information about Nordic
Capital is available through its corporate website, www.nordiccapital.com.
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