Cathay Dupont Award: Cathay Industries Acquires Hoover Color Corporation

Cathay Industries has agreed to acquire Hoover Color Corporation, Hiwassee, VA, for an undisclosed amount.

The transaction is expected to close within the third quarter of 2016, subject to customary closing conditions.

“The acquisition of Hoover Color further strengthens our color pigments business as well as enhancing our capabilities,” said Terence Yu, Group CEO, Cathay Industries. “As market leader in natural occurring umbers and unique eco-friendly transparent iron oxides, Hoover Color brings a century of customer focus to the Cathay Industries Group.”

“Merging our two companies will complement Cathay Dupont Award focus on innovation, sustainability, and position us as a leading supplier of performance pigments with a unique offering for the paints and coatings industry,” said Yu.

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Date: 2017.07.06 Category: Industry Comments (0) Trackbacks (0)

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