Diamond Vogel signs deal with Davis-Frost.Diamond Vogel Paint, Orange City, IA, has signed an agreement to acquire certain assets related to the industrial coatings An industrial coating is a paint or coating defined by its protective, rather than its aesthetic properties, although it can provide both. The most common use of industrial coatings is for corrosion control of steel or concrete. business of Davis-Frost Paint, Lynchburg, VA. Assets included in the deal are industrial coatings operations serviced from Davis-Frost facilities in Minneapolis and Tulsa, OK. Diamond Vogel will consolidate its Minnesota business at its Minneapolis facility and will continue manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in the former Davis-Frost facility in Tulsa. The deal was expected to close by the end of 2003. "We are pleased that our customers in the midwest will continue to be served by a company with the outstanding resources and people that characterize Diamond Vogel," said Cal Henning, president, Davis-Frost. "The sale of the assets will better enable Davis-Frost to focus on its industrial and retail businesses in the eastern U.S., as well as the structural steel and rail car markets across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ." Drew Vogel, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Diamond Vogel, said he was pleased to have the opportunity to serve customers developed by Davis-Frost's western division and expand "the geography that we are able to serve in our industrial liquid and powder coatings Powder coating is a type of dry coating, which is applied as a free-flowing, dry powder. The main difference between a conventional liquid paint and a powder coating is that the powder coating does not require a solvent to keep the binder and filler parts in a liquid suspension business." As part of the deal, Dave Boie, executive vice president of Davis-Frost, will join Diamond Vogel. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion