TAGS: Industrial Coatings
Fenix Group has acquired all the business assets of TCI Coatings (“TCI”), Lubbock, TX, one of the leaders of specialty and high-performance coatings for industrial applications, serving Texas and surrounding states.
Strategic Objective of Acquiring Strong Brands
CEO, Ray Torres, stated “
TCI fits our strategic objective of acquiring strong brands, offering premium quality products, in areas where we are either not currently represented or are under-represented. TCI allows us to expand our manufacturing and warehousing footprint in a region we consider very attractive and augments our already strong product portfolio for the Industrial market and OEMs. We are extremely excited about TCI joining the Fenix family of brands.”
Kathleen Tims, president of CCI said, “
We have been in discussions with Fenix for some time now and believe we found the right partner for TCI. Our core values are very similar, which gives us great comfort for the ultimate benefit of our valued employees, customers, and vendors. We look forward to supporting Fenix through the transition and the next growth phase in Lubbock”
Bob Madura, VP of sales for Fenix’s Industrial Group said, “
Partnership with TCI allows us to fill several product and geographic gaps, while adding much needed capacity to support our growth initiatives with a strong, recognized and respected brand in Texas and the surrounding states.”.
TCI’s attention to quality control, technical expertise, and onsite customer support has made them a recognized brand in the South and Southwest region. In adding the TCI brand, Fenix Group now has six power brands within its portfolio, Sierra Performance Coatings, TK Products, SureCrete Design, Concrete Coatings, Burke Industrial Coatings, and now TCI Coatings.
Source: Fenix Group