Japan’s KISCO Acquires Specialty Coating Systems
Osaka, Japan-headquartered industrial coatings firm KISCO Ltd. has finalized its acquisition of Specialty Coating Systems Inc. (SCS), the Indianapolis-based specialist in the area of parylene technologies.
Both well-recognized brands in the industry, KISCO has been operating in the parylene market for over 18 years with a strong background in materials science and development. SCS has roots back to the origination of parylene and “has been a leading contributor in the expansion of the worldwide market for the product,” according to a company statement.
Over the coming year, according to KISCO, SCS will begin to operate globally as Specialty Coating Systems, a KISCO company.
“The management teams at KISCO and SCS are committed to continuing our strong leadership positions in the industry by providing high quality parylene services and technologies to our customers through a combined twenty-one regionally positioned facilities throughout the Americas, Europe and Asia,” said KISCO Ltd. President, Takekazu Kishimoto.
Both companies, he said, “are also committed to expanding the market by developing and commercializing new, cutting-edge materials, processes and technologies, which will be made possible by the consolidation of our highly successful engineering teams.”
KISCO was founded it 1921 and was the first Japanese producer of resins for light-emitting diode (LED) technology. Most recently, the company has developed a modified liquid, one-pack epoxy in powdered form that can be used for casting at normal temperatures.
The acquisition is not the first for SCS. The company began operations 45 years ago as Nova Tran Inc. to produce and globally market parylene under a license from the Union Carbide Corp., which acquired the company in 1984 and renamed it Specialty Coating Systems.
Ten years later, SCS was bought by Cookson Electonics Inc., and, once again, in 2005, the company was acquired by Bunker Hill Capital LLP “with the intention of developing the company into a private, stand-alone company.”
In 2008, the Berwind Corporation, a Philadelphia-based, 120-year old, private, long-term investment management company, acquired the company.
The European Nonwoven Fabric Market Slows Down Near $7.6B