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
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
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.
- Scott Becker, CEO
- Mark Astorino, CFO
- Peter Baggen, EVP of EMEA