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 (amm.com, Sept. 27).