Delta Coatings Acquires Federated Paint and Midwest Lacquer
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MELROSE PARK, ILL. - April 2,: Delta Coatings Corporation, a developer and manufacturer of paints primers and environmental coatings used throughout the container and drum industries, OEM/General Industrial and transportation industries, today announced that it has acquired Federated Paint and Midwest Lacquer, a manufacturer of liquid coatings and lacquer paint products. The acquisition is intended to not only accelerate their financial and operational goals, but also to provide increasing value to their customers and employees by yielding cost synergies. These synergies are anticipated to come from savings in raw materials, assimilation of manufacturing operations and other consolidation opportunities.
With the addition of Federated Paint and Midwest Lacquer's manufacturing sites, Delta Coatings will increase its overall manufacturing facility by an additional 48,000 square feet.
"More importantly, we've inherited a great deal of expertise from our new employees. We are thrilled to have the team members of this highly educated and experienced organization join Delta Coatings," said Delta Coatings President John Bittle. "Delta Coatings is in a better position to produce new formulas and patent technologies. We plan to capitalize on the best practices of each company to offer our customers the most innovative technologies."
The acquisition significantly expands Delta Coatings' product line and augments its R & D and product introduction capabilities. "The acquisition will allow us to carry out our vision of promoting our overall corporate growth," said Robert Madura, Delta Coatings vice president and director of sales and marketing. "It will enable our combined organization to build upon the successful foundation we have established at Delta Coatings and give us the added breadth we need to leverage our technology into new markets and applications."
Delta Coatings is committed to maintaining a position of environmental leadership by developing products that comply with air permit requirements and EPA guidelines. Delta's broad product line includes some of the lowest volatile organic compounds (VOC) coatings available. Low VOC paints contain reduced levels of volatile organic compounds which emit smog-producing pollutants into the air.
Federated Paint and Midwest Lacquer will be integrated into Delta Coatings. Its corporate headquarters, operations and R&D staff will be located in Melrose Park, Ill.
About Delta Coatings Corporation
Delta Coatings Corporation, located in Melrose Park, Ill., develops and manufactures paint primers, water-based paints and water-borne coatings throughout the container and drum industries, OEM/General Industrial and transportation industries. Delta Coatings also supplies high solids coatings, FDA compliant coatings, conventional finished, HAPS-free coatings, UV coatings, epoxy products, drum liners and wood primers. Their product line includes many of the lowest VOC coatings available, and high-performance air-dry and bake enamels sold via Delta Coating's "Aquatech" trademark. For more information, call 888-216-3600, or visit www.deltacoating.com.
About Federated Paint and Midwest Lacquer Located in Melrose Park, Ill., Federated Paint is a custom liquid coatings manufacturer supplying the OEM marketplace with a broad spectrum of coatings designed to meet complex specifications. Midwest Lacquer is the specialty small batch manufacturer within The Federated Group, offering complete product systems for wood and wood products, metals, plastics and more.
