Industry News

Specialty Coating Systems Acquires Parylene Japan K.K.

Published on 2007-10-16. Author : SpecialChem

INDIANAPOLIS -- Specialty Coating Systems, Inc. (SCS) completed its acquisition of Parylene Japan K.K. (PJKK) on September 14, 2007. PJKK, a joint venture between SCS and Three Bond Co., Ltd., was established in 1990 to provide world-class Parylene conformal coating services and technologies in Japan. Sole ownership of PJKK enables SCS to leverage more of its worldwide resources and capabilities in order to provide the best service and support for its global customers in the medical, automotive, electronics and military market segments.

Specialty Coating Systems will do business in Japan as Parylene Japan, Inc. (Nihon Parylene Kabushiki Gaisha in Japan) and will continue to be led by President Eddie Narita. The 10,000 square-foot Tokyo facility is ISO 9001:2000 certified and includes two Class 10K cleanrooms.

"Our customers in Japan will continue to receive outstanding Parylene coating services," said Terry Bush, SCS President. "The acquisition of our long-term joint venture further establishes SCS' foothold in Asia, a key component to SCS' worldwide growth strategy."

About Specialty Coating Systems, Inc.:

Headquartered in Indianapolis, Indiana, SCS is the worldwide leader in Parylene conformal coating services, systems and materials. SCS has more than 35 years of application experience and expertise in the medical, electronics, automotive and military industries. With nine coating facilities throughout the Americas, Europe and Asia, SCS leverages its worldwide Parylene coating resources in order to meet its customers' needs on a global basis. The company also offers industry-leading liquid coating systems, including spray coating, spin coating and dip coating systems, UV and IR-Thermal cure ovens, and ionic contamination test systems. SCS is a portfolio company of Bunker Hill Capital.

About Bunker Hill Capital, L.P.:

Bunker Hill Capital is a private equity firm that makes investments in lower middle market companies with enterprise values up to $150 million. The principals of Bunker Hill Capital have together invested over $400 million in 28 transactions and target opportunities across four industry sectors, including industrial products, business services, consumer products and specialty retail. In addition to SCS, Bunker Hill Capital's portfolio company investments include California Family Fitness, the leading owner and operator of fitness centers in the greater Sacramento, CA area; Papa Gino's/D'Angelo, a dominant quick-service restaurant operator in New England; and Smith & Wollensky, a national high-end steakhouse chain.

Source: Specialty Coating Systems Inc.

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