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LORD Corporation Sells Resilient Floor Coatings Business

Published on 2008-09-16. Author : SpecialChem

LORD Corporation a global developer and manufacturer of products and technologies that provide superior adhesion and bonding, control motion and minimize the effects of shock and vibration - has sold its resilient floor coatings business to AkzoNobel for an undisclosed amount.

The resilient floor coatings business primarily serves industrial manufacturers of polymeric and wood flooring and includes the trade name Photoglaze® UV-Cure Coatings and associated Chemglaze® Seam Sealers product line in the U.S., Europe and China. Completion of the transaction is expected by the end of September, subject to regulatory approval.

About LORD Corporation:

With headquarters in Cary, N.C., and sales in excess of $700-MM, LORD Corporation is a privately-held company that 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 manufacturing in nine countries and offices in more than 15 major business centers, LORD Corporation employs more than 2,600 worldwide.

Source: LORD Corporation

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