UV and water-based technologies are continuing to gain share in the marketplace.
David Savastano, Editor08.01.14
The varnishes and vehicles market has changed over the years. Some of the larger ink manufacturers have added their own varnish capabilities. Meanwhile, some vehicle and varnish manufacturers have left the market.
In a major move in April 2014, Kustom Group and Lawter announced the transfer of Lawter’s varnish business to Kustom Group, which will produce, market and sell these varnishes in North America and the Caribbean. Lawter also permanently closed its LaVergne, TN manufacturing facility. That follows on Kustom Group’s 2010 acquisition of VarChem Products LLC from Sun Chemical.
By making this acquisition, Kustom Group adds Lawter’s brands to its portfolio, while also adding purchasing synergies.
“Lawter has been the bellwether of the industry for many decades,” said Michael Gerkin, Kustom Group’s president and CEO. “So when they approached Kustom about the potential of us buying the varnish business so that they could concent
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