Carlisle Acquires Swiss Manufacturer of Powder Coating Systems MS Oberflächentechnik
Posted on Wednesday, February 24, 2016
Carlisle Companies has acquired MS Oberflächentechnik (MS), a Swiss-based manufacturer of powder coating systems and related components.
MS Oberflächentechnik, which has annual sales of around $6M, is involved in the manufacture of customized powder coating systems and components for various end markets, and mainly serves customers in Europe.
The company has facilities in Balgach, Switzerland, and employs 30 people.
Carlisle President and CEO Chris Koch says, “The acquisition of MS Oberflächentechnik furthers our plan to grow Carlisle Fluid Technologies through product expansion into higher-margin adjacent markets. MS has excellent technology and a well-established customer base. With MS’s strong foundation and Carlisle's resources, we are confident of growing the business into a solid powder coating segment and a strong contributor to Carlisle Fluid Technologies.”
He goes on to say that MS’s powder coating capability is a complementary fit with its liquid products business and will allow the company to offer customers a broader range of engineered systems and components. “We are very pleased to welcome the MS team to Carlisle.”
Powder coating provides an environmentally-friendly, economical solution for harsher environment surface applications, and new formulations have opened opportunities for the use of powder on a wider variety of substrates.
Last year, Carlisle had completed the acquisition of Finishing Brands Holdings—Binks, DeVilbiss, Ransburg and BGK—the liquid finishing business assets of Graco, for $590M.
Finishing Brands manufactures and provides finishing equipment and systems for several end markets for paints and coatings, such as OE automotive, automotive refinishing, aerospace, agriculture, construction, marine, rail and other industrial applications.