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Lord Corporation Acquires L/T Technologies, LLC

Published on 2004-08-23. Author : SpecialChem

 

CARY, N.C. -- Lord Corporation -- a global leader in coatings technology for the surfaces, panels and flooring industries -- has announced the acquisition of L/T Technologies, LLC -- a leading manufacturer of acrylic ultraviolet (UV) and waterborne coatings for wood products.

A joint venture between Lord Corporation and Treffert GmbH and Co. KG, L/T Technologies specializes in the development, manufacture and distribution of waterborne and acrylic UV-curable wood coatings for printed composite boards (PB, HDF, HB), hardwood flooring, linear profiles and door skins, as well as furniture foils. Located in Cary, N.C. near Lord Corporation's world headquarters, L/T Technologies will continue to operate from its current office (118 MacKenan Drive, Suite 200). Further, L/T will remain the exclusive licensee representing North, Central and South America for the Treffert Group and their wood finishing technology. As such, L/T retains exclusive rights not only to existing technology, but also any new developments or advancements.

Steve Howe, L/T Technologies General Manager, said L/T Technologies will benefit from the solid reputation of Lord Corporation and its commitment to state-of-the-art product development.

"We are honored to have the opportunity to partner with members of the Lord Corporation team," said Howe. "Lord's commitment to research and development will allow us to continue in our quest to develop and manufacture optimal solutions for the industries we serve. Further, their global presence and worldwide manufacturing capabilities will allow us to better serve our clients with a customized local approach."

L/T Technologies' High Performance Coatings (HPC) are typically applied as multi-layer systems by roller coating technology and cured by UV energy. The coatings are either micro-and/or nano-particle modified acrylated resins, which yield extreme hardness resulting in high mechanical resistance to scratch, impact and abrasion.

According to Doug P. Nelson, Technical Sales Manager for L/T Technologies Wood Flooring Division, HPC offers vast application possibilities in the wood-based panels industry, such as in wood flooring, doors and panel furniture.

"The advantages of HPC include optimal protection of wooden surfaces at minimum cost while preserving the finished product's reparability as compared to other finishing technologies," said Nelson. "Off-set printing and lacquer finish technology has grown in market acceptance and serves as an economical and durable solution for today's furniture and flooring OEM."

Since its formation in 1924, Lord Corporation has built a leadership role in a variety of industries. With headquarters in Cary, NC, and sales in excess of $440-MM, the privately-held company designs, manufactures and markets devices and systems to manage mechanical motion and control noise and vibration; formulates, produces and sells general purpose and specialty adhesives and coatings; and develops products and systems utilizing magnetically responsive technologies. With plants in nine states and facilities in 12 countries, Lord Corporation employs more than 2,200 worldwide.

Source: Lord Corporation


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