Huron Capital Acquires Wood Floor Finishes Business
Valentus Specialty Chemicals Inc. has acquired the wood floor finishes business Paint Over Rust Products Inc.
Huron Capital Partners LLC recently announced that its portfolio company, Valentus Specialty Chemicals Inc., has acquired the wood floor finishes business Paint Over Rust Products Inc., based in New Rochelle, N.Y. The wood floor finishes business will reportedly continue to operate as Absolute Coatings Inc.
A family-owned business founded in 1923, Absolute manufactures high-performance, environmentally friendly wood floor finishes. A leading manufacturer of waterborne coatings, Absolute reportedly adds technological expertise to the Valentus platform along with expanded distribution in the Northeast and Mid-Atlantic regions. As part of the transaction, David Sherman, CEO and owner of POR Products, will join Valentus’ Board of Directors.
“I believe Valentus is the ideal partner to guide Absolute through its next phase of growth,” said Sherman. “Valentus is committed to preserving Absolute’s family of brands, and they are investing in resources that will strengthen our distribution, product innovation and ability to serve our customers.”
For more information, visit www.huroncapital.com.