Chromaflo Technologies

Sector/industry

Colorant systems

Finland-based CPS Color, the world's leading supplier of colour tinting systems for decorative and industrial paint was acquired by Nordic Capital Fund VI in June 2008. The company had operations in 13 countries and enjoyed a unique position as the only company in the world supplying all of the components necessary for tinting system components; colorants, dispensers, mixers, software, technical support and consulting services.

In December 2013, CPS Color's Colorant business combined with US-based Chromaflo Technologies, a global supplier of pigment and chemical dispersions and integrated tinting specialist, to create one of the leading independent global colorant system and pigment dispersion platforms worldwide, serving customers in architectural and industrial coatings as well as the thermoset plastics markets.

The new colorants and dispersions specialist will operate under the name Chromaflo Technologies and will be headquartered in Ashtabula, Ohio, USA, with production facilities in the Netherlands, Finland, U.S., Canada, Australia and China. Sales and technical support will also be provided throughout North and South America, Europe, Australia, China, India and South East Asia. Chromaflo Technologies will have global sales, manufacturing and technical capabilities with revenue of approximately USD 400 million annually.

The combination brings together complementary manufacturing capabilities, broadens the base of technologies and expands the global platform with a perfect fit of two players in different segments of the colorants industry.

The new combined company is majority owned and controlled by Arsenal Capital Partners. Nordic Capital Fund VI holds a minority shareholding in Chromaflo Technologies.

Management:
  • Scott Becker, CEO
  • Mark Astorino, CFO
  • Peter Baggen, EVP of EMEA
Key Information: Revenues 2015*: EUR 310 million Employees: 730 Ownership: Nordic Capital Fund VI, minority shareholding Date of investment: 2008 Head office: Ashtabula, Ohio, USA
* Reported