Dominion Colour Corp, a Toronto-based supplier of colour pigments, dispersions and preparations to the coatings, plastics and ink industries worldwide, has merged with Pearl River, New York-based Lansco Colors, which operates in the same sector. No financial terms were disclosed. U.S. private equity firm HIG Capital, which acquired Dominion Colour in 2016, said the combined entity will have greater geographic presence, particularly in North America and Europe, and provide a complete solution to pigment-consuming customers. Lansco’s management will remain with the merged business. CEO Mark Vincent has led Dominion Colour since HIG’s acquisition.
H.I.G. Capital Portfolio Company, Dominion Colour Corporation, Merges with LANSCO Colors to Form Global Leader in Pigment Market
April 10, 2018
MIAMI–(BUSINESS WIRE)–H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with $25 billion of equity capital under management, is pleased to announce that its portfolio company, Dominion Colour Corporation (“DCC”), has merged with LANSCO Colors (“LANSCO”) to form a global leader in the pigment market. The combination of DCC and LANSCO will bring together the strength of both companies, significantly benefitting pigment-consuming customers by offering a broad portfolio of color pigments and technical expertise locally to every corner of the globe.
DCC provides innovation in pigments, dispersions & preparations to the market leading coatings, plastics and ink manufacturers in 70 countries worldwide. The company has world-class manufacturing facilities in Canada, the Netherlands, and the UK as well as technical sales offices throughout the Americas, Europe, and Asia to enable close collaboration with customers.
LANSCO is one of the industry’s most reliable and customer-focused suppliers of premium consistent-quality, high value-in-use pigments. The company’s large network of sales representatives, supported by an in-house sales and technical team, allows them to serve the challenging needs of 600 U.S. customers in the coatings, ink and plastics markets as well as in selected international markets.
“Together, we bring a broad product portfolio to the market with a unique value proposition,” commented Dr. Mark Vincent, C.E.O., Dominion Colour Corporation. “We look forward to working closely with the experienced team at LANSCO so that all of our customers see our unique ability to provide the right solution for their needs.”
Donald Greenwald, C.E.O. / President, LANSCO Colors, remarked that, “As a combined entity, we will be able to offer customers significant synergies and benefits of scale. Together, the capabilities of our companies will create one unified team, dedicated to providing innovative and value-based solutions for customers worldwide.” Mr. Greenwald continued, “Each of us brings our own complementary strengths. By combining to create a broader global pigment provider, we will offer a range of organic & inorganic pigments, dispersions, and preparations that will be unmatched in the industry.”
“Strategically, the merger of these two businesses will strengthen the combined entity’s geographic presence, particularly in North America and Europe creating a complete, service oriented provider of high performance pigments and dispersions to the coatings, plastics and inks industries,” said Keval Patel, Managing Director at H.I.G.
Greenwald and the LANSCO management team will continue with the merged company going forward. LANSCO is H.I.G.’s 16th acquisition in the chemical sector since 2009 with six active platform investments.
About Dominion Colour Corporation
Founded in 1946, Dominion Colour Corporation is a leader in color pigment solutions and preparations for the coatings, plastics and specialty ink industries worldwide. As a leader in pigment innovation, DCC offers a broad product portfolio focused on high performance inorganic and organic pigments. Headquartered in Toronto, Canada, DCC has world class manufacturing facilities in Canada, the Netherlands, and the UK as well as technical sales offices throughout the Americas, Europe, and Asia to enable close collaboration with customers. For more information, please refer to the DCC website at www.dominioncolour.com.
About LANSCO Colors
LANSCO Colors was founded in 1926 and is based in New York with offices in Rhode Island and Texas. The company sources pigments from approximately 70 different factories in 15 countries to bring customers the most comprehensive pigment line available. Some of its organic pigments are toll produced using its formulas and raw materials. LANSCO is the preferred supplier to some of the most selective and recognizable coatings, plastics and inks companies around the world. For more information, please refer to the LANSCO website at www.pigments.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $25 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.
Photo courtesy of Dominion Colour Corp