ORRVILLE, OH Chemspec, one of the largest paint companies in South Africa, has acquired Ohio paint manufacturer, Montana Products, Inc. Chemspec, which celebrates its 50th anniversary this year, has been on an aggressive global expansion drive in recent years and continues with the purchase of the Montana Products manufacturing facility in Orrville, OH.
This facility will manufacture the Metalux2 and Metalux CV ranges of automotive products and fulfills Chemspec’s strategy of increasing its manufacturing resources in the northern hemisphere. The facility features R&D capabilities to complement the group’s strategy of continual innovation. Montana’s existing infrastructure and sales force will also provide a significant asset to the infiltration of the Metalux lines in the U.S. market, according to Chemspec.
Montana’s existing line of automotive refinish products will continue to be offered along with new products to be added.
Commenting on the acquisition Chemspec CEO Strath Wood, said, “The purchase of the American facility brings us one step closer to realizing our goal of being a truly global paint company. The U.S. plant will service our rapidly expanding markets in this region the Metalux ranges are already making inroads into the American, Canadian, Mexican and Puerto Rican markets, where our quality and value propositions are making a difference to bodyshop profitability.
“Although South Africa will always provide a stable base for the Chemspec group, our export markets represent a $250 billion opportunity for our lines. The introduction of the Montana Products business to the group will add significant emphasis to our U.S. market penetration, as well as our technical prowess and product innovation. Expect many great new products in the future,” Wood added.