Devcon and Permatex Industrial Form an MRO Powerhouse |
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Devcon
30 Endicott St.
Danvers, MA, 01923
USA
Press release date: November 3, 2005
DANVERS, MA - Devcon, a world leader in compounds and products for plant and equipment maintenance, repair, overhaul, and protection, will merge with the industrial products group of Permatex, a Connecticut-based producer of gasket cements, threadlocking adhesives, lubricants, hand cleaners, and other products for the industrial MRO market. Both Devcon and Permatex are Illinois Tool Works companies and are part of ITW Performance Polymers group. Under the new arrangement, Devcon will market products under both the Devcon and Permatex brand names.
"The expanded offering of proven, high-quality products will further enhance ITW Performance Polymers' status as a major force in the MRO market," said David Parry, President of ITW Performance Polymers. "This new partnership also means the customers of both companies will benefit from easier procurement, a wider sales network, and a larger research-and-development team working on products for the future."
Frank Marino, Vice President - Sales & Marketing for Permatex Industrial North America, said, "This is definitely a marriage made in heaven. It enables certain synergies - expanded product offerings and improved market coverage - that allow us to better serve our customers."
Sevan Demirdogen, General Manager of Devcon, concurred, adding, "We've always held Permatex in high regard and thought that their products complemented ours. We're extremely pleased to now have the chance to offer both Devcon and Permatex products to all our customers."
Devcon offers the world's most comprehensive line of products for industrial maintenance and repair. These include epoxy, urethane, and methacrylate compounds for repairing metal, rubber, concrete, and other materials; coatings for protecting surfaces exposed to abrasion, corrosion, and harsh chemicals; and emergency-repair products that allow damaged equipment to be returned to service in minutes. Devcon also offers an extensive line of OEM adhesives including epoxies, methacrylates, cyanoacrylates, urethanes, anaerobics, and light-cure technologies.
In addition to its industrial MRO products, Permatex is well-known in the automotive aftermarket for its professional service and do-it-yourself repair and appearance products.
For more information, contact: David Bongiorni, Market Development Manager, Devcon, 30 Endicott Street, Danvers, MA 01923, Toll-Free: 1-800-933-8266, TEL: (978) 777-1100, FAX: (978) 774-0516, www.devcon.com.
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