Add-on Acquisition • Chemicals

Canlak Acquires Ceramic Industrial Coatings

On May 8, 2023, Canlak acquired chemicals company Ceramic Industrial Coatings

Acquisition Context

This is Canlak’s 1st transaction in the Chemicals sector.
This is Canlak’s 1st transaction in the United States.
This is Canlak’s 1st transaction in Minnesota.

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M&A Deal Summary
Date	May 8, 2023
Target	Ceramic Industrial Coatings
Sector	Chemicals
Buyer(s)	Canlak
Deal Type	Add-on Acquisition
Advisor(s)	Northborne Partners LLC (Financial)

Target Company

Ceramic Industrial Coatings

Osseo, Minnesota, United States

Ceramic Industrial Coatings is a manufacturer of proprietary wood coating systems and related CASE (coatings, adhesives, sealants and elastomers) products. The company also provides comprehensive, full-scale production capabilities for related CASE products. Ceramic Industrial Coatings is based in Osseo, Minnesota.

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Buyer Overview 1

Buyer

Canlak

Daveluyville, Quebec, Canada

Category	Company
Founded	1981
Sector	Chemicals

DESCRIPTION

Canlak is a manufacturer of specialty chemicals. Canlak was founded in 1981 and is based in Daveluyville, Quebec.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Chemicals	1 of 1
Type: Add-on Acquisition	1 of 1
State: Minnesota	1 of 1
Country: United States	1 of 1
Year: 2023	1 of 1

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