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H.I.G. Capital Acquires Dominion Colour, a Color Pigment Company

Published on 2016-10-06. Author : SpecialChem

MIAMI -- H.I.G. Capital ("H.I.G."), one of the leading global private equity investment firms with more than USD 20 billion of equity capital under management, has announced that one of its affiliates has acquired Dominion Color Corporation (“DCC” or the “Company”), one of the leading global providers of high performance color pigment solutions and preparations for the coatings, plastics and specialty ink industries.

Delivering High Quality Color Solutions

Pigments
DCC color solutions are used in a variety of
end markets including automotive and
architectural coatings and specialty inks

Since 1946, DCC has been one of the market leaders in pigment innovation and has consistently delivered high quality color solutions to its longstanding and highly demanding customer base, which includes the largest global paint manufacturers in the world. With over 400 customers in 70 countries worldwide, DCC color solutions are used in a variety of end markets including automotive and architectural coatings, consumer and industrial plastics, and specialty inks. Headquartered in Toronto, Canada, DCC has 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.

High Performance Pigment Solutions


We are very pleased to be partnering with the DCC team. DCC has been a leader in designing, developing and manufacturing new and innovative color pigments for more than 70 years,” said Keval Patel, Managing Director at H.I.G. Capital. “We plan to work with the team to further expand the product portfolio both organically and through acquisitions, creating the most complete set of high performance pigment solutions in the market to meet the needs of DCC’s large and growing customer base.

Michael Klein and Jack Nelligan, who have been Chief Executive Officer and Chief Financial Officer, respectively, will remain as minority shareholders and will provide consultancy support for a transitionary period. Mark Vincent, who was Executive Vice President, will lead the Company as its new Chief Executive Officer.

While we already have a very strong core business and a bright future, H.I.G.’s investment provides us with the resources and strategic vision to accelerate our growth initiatives, including investments in product development and expansion of our geographic footprint,” said Mr. Vincent. “We expect that customers will see a seamless transition, and in the long-term, they will benefit from a broader product offering and additional resources to solve their toughest color challenges.

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.

About H.I.G. Capital

H.I.G. Capital is one of the leading global private equity and alternative assets investment firms with over $20 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, 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.

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Source: H.I.G. Capital
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