KLD, an affiliate of Tara located in Daytona Beach, Florida, is pleased to announce the
acquisition of Precision Coat Corporation. KLD and Tara Technologies are both wholly
owned subsidiaries of Best Holdings, Inc.
Precision Coat is a leading service provider for high performance coatings and specialized
heat treatment for the Industrial Gas Turbine and General Industrial markets. "This
acquisition is a perfect fit for KLD, as Precision Coat's world-class thermal spray capabilities
compliments our surface technologies processing portfolio and more importantly fill a need
across our key market segments - including Aerospace, Oil & Gas and Industrial markets."
said Bob Panza, Director of Sales & Marketing of Tara Technologies. "Precision Coat has a
strong reputation for repeatable, reliable coatings and at a highly competitive cost with
lightning fast lead-times - this makes a win/win situation for and KLD and Tara's customers".
Precision Coat was acquired in the Fourth Quarter of 2008 and will operate under the KLD
Quality Systems and corporate identity. To assure continuity of quality and support, the
principals of Precision Coat - Phil Manzi Sr. and Phil Manzi Jr. - will continue to operate and
drive the integration and transition of the business.
Phil Manzi, Jr stated that "The expertise and product portfolio of KLD and Tara provide the
ideal growth platform for us to rapidly expand Precision Coat's capabilities to the next level in
order to further improve our world-class service for our customers. We are thrilled with the
new partnership and the prospects to grow with our customers."
The transaction allows KLD to move up the value chain in regard to servicing its customers,
as well as those of Tara Technologies. KLD's fully integrated material processing
(machining, welding, grinding, integration, inspection/testing) brings a new level of support to
the Precision Coat's thermal spray product offerings which we expect will be well received
by our customer base.
"We are excited about the addition of the Precision Coat family to KLD. Our similar cultures,
missions and values will allow us to create a smooth and deliberate integration process to
combine the best of our companies," said Colm Lanigan, CEO of Tara Technologies. "During
the integration, we will continue to offer best-in-class customer service with a seamless
KLD provides machining, inspection, and assembly services for the Aerospace,
Semiconductor, and Industrial markets. Tara Technologies designs manufactures and tests
components and systems used in critical applications for the world's leading manufacturers
in the Semiconductor, Aerospace, Military, Energy, Industrial and Medical markets. KLD and
Tara are both headquartered in Daytona Beach, Florida, with manufacturing facilities in
Florida. Tara also has facilities in California, and Singapore; and sales offices and
distribution network across the US and worldwide.
Sales & Marketing Contact: Bob Panza