Sale of Polymer Solutions Inc. completed

Pigment & Resin Technology

ISSN: 0369-9420

Article publication date: 1 June 2004

Citation

(2004), "Sale of Polymer Solutions Inc. completed", Pigment & Resin Technology, Vol. 33 No. 3. https://doi.org/10.1108/prt.2004.12933cab.016

Publisher

:

Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited


Sale of Polymer Solutions Inc. completed

Sale of Polymer Solutions Inc. completed

Polymer Solutions Inc. completed the sale of its wholly owned subsidiary, Alternative Materials Technology, to Chemcraft Holdings Corp., a subsidiary of Chemcraft International Inc. Alternative Materials Technology represents substantially all of the assets of Polymer Solutions, a manufacturer of water-borne and low-VOC solvent-based coatings based in Chico, CA. Polymer Solutions said that it is in the process of dissolving the company.

Polymer Solutions' product line includes wood coatings, stains, sealers and primers for wood furniture and wood products. The company also manufactures adhesives and a line of coatings for glass, metal and concrete.

Chemcraft International, based in Winston- Salem, NC, said John Crawley, formerly the company's corporate technical director, has been named President of the Alternative Materials Technology business. Chemcraft said that the acquired business will continue manufacturing operations in Chico.

Chemcraft is a manufacturer of industrial coatings, including products for wood, kitchen cabinets, furniture, wood flooring, and millwork. The company's product portfolio includes nitrocellulose lacquers; water-borne finishes; polyester, polyurethane and UV coatings; and vinyl finishes. The company's estimated 2002 sales was $62 million.