Concoat materials business acquired by North American Chase Corporation

Concoat materials business acquired by North American Chase Corporation

Keywords: Electronics industry, Acquisitions and mergers

The highly successful materials business of UK company Concoat Limited has been purchased by the North American Chase Corporation. Concoat will be linked with Chase's HumiSeal business to further its globalisation of its industry leading conformal coatings and accessory business. The deal covers conformal coatings, masking and cleaning materials, and the Synergie™electrochemically compatible process materials range.

It should be noted that 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.

David Greenman now heads Concoat Limited as Managing Director. Greenman is well qualified, having been one of the founding directors of Concoat 25 years ago, and having worked across all roles to his most recent appointment as Technical Director.

HumiSeal and Concoat have already announced a brand new state-of-the-art UV curable conformal coating material, the HumiSeal UV40 range, launched at the Productronica 2005 Exhibition in Munich, on 15 November.

Chase Corporation states that the Concoat Limited acquisition will serve as a foot hold for the US company in Europe. Concoat Limited will become part of the Chase Specialty Coatings division, a leader in the manufacture and sale of anti-corrosion materials in the electronic coatings sector, the gas and oil pipeline business, and architectural and bridge industry. Details can be found at: www.chasespecialtycoatings.com;Website: www.concoat.co.uk