Platinum Equity LLC has acquired MetoKote Corp., which provides
industrial metal-coating services, from CCMP Capital Partners
LLC. The terms of the transaction were not disclosed.
Jeff Oravitz will
remain president and chief executive officer of the Lima,
Ohio-based company, which will continue to operate under the
electrocoating, powder coating, liquid paint and other custom
coatings on such substrates as hot- and cold-rolled and
galvanized steel sheet, iron and zinc castings, copper and
brass products, aluminum extrusions and castings, nickel-zinc
plated steel, stainless steel, magnesium and chrome plate.
The company installed a new powder-coating system at its
Peru, Ill., facility last month (
amm.com, Sept. 27).