CPS Color Acquires Pinova AG

摘要

CPS Color Group Oy, the global leader in integrated tinting solutions for paints and coatings, has acquired Switzerland-based Pinova AG. Pinova is the market leader in colorants for facade coatings and wet plasters in German-speaking Europe and CEE countries. The seller is a fund managed by AFINUM Management GmbH, one of the leading mid-market private equity fund manager in German-speaking Europe. Terms of the agreement were not disclosed. "The merger of the Pinova portfolio with CPS Color is the perfect match between tinting expertise, complementary product offerings and geographical focus," said Henrik Lif, President and CEO of CPS Color.