Press Release – December 2017
Bundy Group Advises Trimite Powders in a Sale to Protech / Oxyplast Group
Bundy Group, a boutique investment bank, advised Trimite Powders Inc. (“Trimite Powders” or the “Company”), a world-renowned brand within the powder coatings manufacturing industry, in a sale to the Protech / Oxyplast Group (“Protech”), a Montreal, Canada-headquartered firm. Trimite Powders, based in Spartanburg, South Carolina since 1991, services clients both domestically and internationally. David Ades, Managing Director of Protech, stated that “Protech fully expects to benefit from the excellent business relationships that Trimite has developed over the years with its customers. Protech will maintain Trimite’s powder manufacturing operations in Spartanburg. Trimite’s customers will continue to be able to obtain the products they have been purchasing and, as well, will now have access to Protech’s worldwide network of products and technology.”
Trimite Powders was formerly a division of Trimite Global Coatings, a United Kingdom-headquartered firm.
Bundy Group was led by Managing Director Clint Bundy. The Trimite Powders transaction represents Bundy Group’s second closed transaction in as many years in the Chemicals Manufacturing sector.
About Trimite Powders
Trimite Powders, a world-renowned brand within the powder coatings manufacturing industry, has been providing a quality product and excellent service to its clients since 1991. The Company is headquartered in Spartanburg, South Carolina and services clients both domestically and internationally. Examples of industries that Trimite Powders services include Furniture, Building Products, Controls & Automation, and Energy & Power. More information can be found at www.trimiteusa.com.
About The Protech/Oxyplast Group
The Protech/Oxyplast Group is one of the world’s largest manufacturers and marketers of powder coatings. Now in its forty-first year of operation, the Protech/Oxyplast Group continues to grow its reputation as the leader in quality and innovative powder coatings. With operations in six countries and licensees worldwide, Protech is an international force in the coatings market producing a large range of stock items as well as specialty coatings for the global market. More information can be found at www.protechpowder.com.
About Bundy Group
Bundy Group is a boutique investment bank that specializes in representing business owners and management teams in business sales, capital raises and acquisitions. The company maintains a strong focus on, and has strong transaction experience in the Chemicals Manufacturing sector. The 29-year old firm has closed over 200 transactions. More information can be found at www.bundygroup.com.