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Vorteq Closes Acquisition of Western Metal Decorating in Southern California
Monday 21 October 2019

21 October 2019 - US-based Vorteq Coil Finishers, LLC, a provider of coil coating services for metal products, has closed the acquisition of the assets of Western Metal Decorating, the company said.

Headquartered in Rancho Cucamonga, CA, Western is a leading producer of coated aluminum and steel products serving pre-painted markets across the western United States.

As part of the transaction, the Western operation will be renamed Vorteq Pacific, LLC.

Terms of the acquisition were not disclosed.

The Western acquisition represents an important milestone in Vorteq's strategic vision to continually broaden its processing capabilities and geographic reach to better service its diverse national customer base.

Now operating nine continuous coil coating lines, Vorteq offers the broadest geographical reach in the pre-painted metals industry. Vorteq Pacific will become an integral player in servicing both leading building products manufacturers in the western United States, as well as national players located further east that have historically lacked a multi-regional supplier in aluminum coil coating.

In conjunction with this acquisition, Vorteq is pleased to announce that they will be relocating their corporate headquarters from Oconomowoc, WI to Pittsburgh, PA.

Operating the business out of Pittsburgh will more centrally locate Vorteq's headquarters to its footprint of assets and position the business in a city that has long been at the center of the metal industry in the United States.

Since 1982, Vorteq has been a trusted American source for quality coil coated steel and aluminum.

With nine distinctly different coil coating lines strategically located in Pennsylvania, Wisconsin, Illinois, Tennessee and California, Vorteq differentiates itself by offering a range of metal coil coating services to the industry.

Vorteq works with customers in diverse markets to offer industry specific services including wide and narrow coil coating, printing, slitting and embossing for a diverse range of building products, transportation, automotive, signage, energy and lighting end markets.

Peninsula Pacific is a private Los Angeles-based company specialising in customised capital solutions for both established and developing businesses in the consumer and industrial sectors.
Details
Date Published: 21/10/2019
Target: Western Metal Decorating
Country: USA
Sector: Metals/Mining
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: Vorteq Coil Finishers, LLC
Comment:
Terms of the deal were not disclosed

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