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Platinum Equity buys MetoKote

Keywords: Tags  MetoKote, Platinum Equity, electrocoating, powder coating, Jeff Oravitz, SCM Metal Products, CCMP Capital Partners

CHICAGO — 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 MetoKote name.

MetoKote performs 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 (, Sept. 27).

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