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Michelman Acquires Assets From Proman Coatings Ltd.

October 24, 2005

Michelman, Inc. recently acquired the technology and related water-based coating assets from the former joint venture Proman Coatings Ltd. Michelman believes the integration of the Michelman and Proman technologies will reinforce their position as a market leader and offer a new and broader range of water-based functional coating solutions to customers worldwide.
Proman Coatings will continue as small lots agent and distributor for Michelman Performance Coatings in the UK.

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