LONDON The materials business of Concoat (Camberley, England) has been purchased by the Chase Corporation (Bridgewater, MA) and will be linked with Chase’s HumiSeal business to further its globalisation of its conformal coatings and accessory business.
Chase says the Concoat acquisition will serve as a foot hold for the U.S. company in Europe and will become part of the Chase Specialty Coatings division, a manufacturer of anti-corrosion materials in the electronic coatings sector, the gas and oil pipeline business, and architectural and bridge industry.
The deal covers conformal coatings, masking and cleaning materials, and the Synergie electrochemically compatible process materials range. The deal does not include the process equipment and test instrument side of the former Concoat Group business that has been independently established as a completely separate company called Concoat Systems. One of the founding directors of Concoat 25 years ago, David Greenman, now heads Concoat as Managing Director having worked across all roles to his most recent appointment as Technical Director. Greenman said, “Concoat has been an agent, distributor and manufacturing licensee of HumiSeal for nearly 25 years. “Customers can therefore be assured that this acquisition will only serve to create a more unified organisation that will even better meet their technical product and sales support, as well as new product development needs.”