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Chase Corporation Acquires Long Products

Published on 2007-09-12. Author : SpecialChem

BRIDGEWATER, Mass. -- Chase Corporation a global manufacturer of specialty tapes, laminates, sealants and coatings, announced that through its wholly owned subsidiary, Chase Protective Coatings Ltd, it has acquired the product lines and manufacturing facility of Long Products of Rye, East Sussex, England. For over 35 years, Long Products has been a leading manufacturer of waterproofing and corrosion protection systems for oil, gas and water pipelines and has been a major supplier to Europe, the Middle East and Southeast Asia. This new acquisition joins Chase's North American based Tapecoat® and Royston® brands to broaden the protective coatings product line and better address increasing global demand.

Long Products' high-performance tapes, epoxies and cathodic protection accessory products are used internationally on new pipeline projects as well as for regular pipeline maintenance. "Tapecoat, Royston and Long Products all compliment each other exceptionally well in technology, product range and geography. The products, the applications and the global availability, now make Chase even more ideal for solving difficult corrosion problems." said Terry Jones, Vice President & Chief Marketing Officer, Chase Corporation.

Paul Barkley of Chase Protective Coatings said, "We are excited to be joining the rapidly growing Chase Corporation as we have seen the focus and commitment toward being the global leader in pipeline corrosion prevention. Most importantly, as part of Chase Corporation, we will have additional resources to better serve our customers."

Chase Corporation, a public company founded in 1946, provides high reliability products to the key business segments of Pipeline, Construction, Electronic Coatings, and Industrial Tapes and Laminates.

Certain statements in this press release are forward-looking. These may be identified by the use of forward-looking words or phrases such as "believe"; "expect"; "anticipate"; "should"; "planned"; "estimated" and "potential" among others. These forward-looking statements are based on Chase Corporation's current expectations. The Private Securities Litigation Reform Act of 1995 provides "safe harbor" for such forward-looking statements.

Source: Chase Corporation


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