TAGS: Marine / Protective Coatings Industrial Coatings Automotive Coatings
Painters Supply & Equipment (PSE) announces the acquisition of Interbay Coatings (Interbay). Interbay is a specialty coatings distributor offering a diverse range of products catering to the repair, maintenance and new construction requirements of the heavy marine and industrial coatings markets.
Strategic Acquisition
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We’re excited to welcome the Interbay team to the PSE family. Interbay is a high-performing distributor with a solid reputation for delivering industry-leading products and value-added services across various specialty coatings end-markets,” said Patrick Mayette, president & chief executive officer of PSE.
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Their highly talented and customer focused team will receive additional tools and resources from PSE to ensure their long-term success,” continued Mayette.
The strategic acquisition marks the culmination of the most active year on record for PSE in terms of mergers and acquisitions. Including Interbay, the company forged partnerships with eight distributors specializing in automotive refinish and specialty
coatings products and services.
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The addition of Interbay, along with seven other partnerships formed in 2023, reinforces our commitment to expand and diversify our specialty coatings and auto refinish segments. We will remain very active in expanding both organically and inorganically as we move into the new year," added Mayette.
Source: Painters Supply & Equipment