The Protech Group has reached an agreement to acquire the assets of Evotech Industrial Coatings
Peintures Prolux Inc., part of the Protech Group, has acquired on November 16th, 2022, the liquid coatings business of Evotech Peintures Industrielles (‘Evotech’), based in Anjou, Quebec, Canada.
Evotech is a liquid coatings manufacturer with a flagship production factory based in Cornwall, Ontario, Canada. The company also has two service centers, one in Quebec City, Quebec, Canada, and the other in Mississauga, Ontario, Canada. All manufacturing equipment and offices will continue to operate under the Protech Group brand.
“We look forward to welcoming the talented employees at Evotech to the Protech Group family upon the close of the transaction,” stated David Ades, President, Protech Group. “This acquisition brings us additional strengths in waterborne and solvent liquid coatings technology and formulations, new relationships with multi-national and local customers, and additional presence with strategically located manufacturing and service sites.”
Since 1965, Evotech formulations, notably marketed under the Acrythane® brand, have been refined for optimal performance in the windows and doors industry, as well as commercial vehicles and heavy equipment industries.
Originally founded in 1976 as a manufacturer-focused thermoset powder coating, the Protech Group has progressively expanded its coating solutions through various technologies including thermoplastics and specialty materials. The company strives to be an all-encompassing coatings provider to meet the most stringent customer and industry requirements.
Acquisitions are a continuing part of growth and success within the Protech Group. Over the past two years, the Protech Group has now acquired a total of six businesses including this most recent acquisition of Evotech. The other businesses include the thermoset powder coatings businesses of ACG Industries (Gondecourt, France) and Lynx Thermoset Coating Ltd (Calgary, AB, Canada), the specialty materials business of Dyvex Industries (Carbondale, PA, USA), as well as the liquid paints businesses of Excalibur Paints & Coatings Ltd (Wichita Falls, TX, USA), and Winslow Browning Inc (Liberty, IN, USA).
About the Protech Group
For more than 45 years, the Protech Group has been developing and manufacturing coatings, paints, and specialty materials. Through quality and innovation, we formulate the right mix to protect and enhance what matters most to our customers. Headquartered in Montreal, Quebec, Canada, Protech Group products are manufactured in more than 20 sites worldwide. We serve our customers in countless markets and industries, including construction, infrastructure, transportation, consumer goods, and healthcare. To learn more, visit www.theprotechgroup.com.
Media Contact
Vanessa Ades
Directrice du développement des affaires, Groupe Protech
vades@theprotechgroup.com
