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Acquisition of Capitan
Keywords Triten, Capitan, Acquisition
Triten Corporation, one of the world's leading applicators of wear resistant materials, has completed the acquisition of Canadian-based Capitan Overlay Technologies.
Based in Calgary, Alberta, Capitan is a specialist in the deposition of corrosion and heat resistant coatings and has an international customer base, particularly in the oil and gas industry.
Announcing the acquisition John Garland, chief operating officer of Triten Corporation said: "The addition of Capitan to Triten's existing wear resistance materials businesses achieves two goals. It continues our geographical expansion, bringing our products closer to strategic North American markets, while at the same time it increases the breadth and depth of the services we can offer across our global marketplace in many industries. Wear and corrosion are the two most common problems affecting productivity. We are confident that the combination of Capitan's expertise in corrosion and heat resistant coatings with our own wear-resistant overlay technologies will offer our combined customer bases a broader range of cost-effective solutions."
The two principals of Capitan, Brian O'Kane and Dan Capitanescu, will continue as chief executive officer and president respectively, ensuring continuity for the support and development of the existing customer base.