California Products acquires Progress Paint brands.
California Products Corporation, an Apollo Capital Management
portfolio company, has acquired the customer base and certain assets of
Progress Paint Manufacturing Company. The acquisition includes certain
Progress Paint brands and product lines including Gray Seal, Fixall,
Duralux Marine and other associated lines. Progress Paint, founded in
1912 and headquartered in Louisville, KY, manufactures paints and
coatings that are sold exclusively through independent dealers in over
20 states. This past spring, Progress consolidated its Gray Seal and
Kurfees brand under the Gray Seal Paint label.