International. Chromaflo Technologies Corp. announced the conclusion of a purchase agreement with Elementis Specialties, Inc., whereby Chromaflo acquired the Elementis Tint-Ayd line of coloring products and Dapro dryers supplied from the United States.
The purchase of products took effect on March 17, 2017. The purchase price was not disclosed.
"The acquisition of these products from Elementis Specialties is consistent with our efforts in supplying quality dyes and additives for high-performance industrial coatings and architectural paints in markets in the Americas and beyond," said Scott Becker, President and CEO of Chromaflo Technologies Corp. "The Tint-Ayd® dye product line and Dapro® dryers fit well with our existing lines, increasing customer choices in support of these industries."
Production of the purchased products will move from Elementis Specialties' Jersey City, NJ plant to Chromaflo Technologies' north american manufacturing facility.
"This acquisition is important to us and we plan to make this a smooth transition for customers," said Brij Mohal, Managing Director and Vice President for the Americas. "Quality products, speed of delivery and related support will be at the high level of service our customers expect."
