Huron Capital Partners LLC recently announced that its specialty coatings platform Valentus Specialty Chemicals Inc. has acquired North Brunswick, N.J.-based National Paint Industries Inc. (NPI).
NPI is a manufacturer of high-performance specialty coatings used in residential and commercial flooring, industrial protective maintenance, pool, marine, and other applications. The company has been owned and operated by brothers Mike and Don Schnurr, whose father founded the business in 1959. As a result of the acquisition, the Schnurr brothers have reportedly become significant shareholders in Valentus and will serve on its board of directors. They will continue to run the day-to-day operations at NPI.