Chromaflo Technologies has acquired the colorants business of Central de Colores Plásticos (CECOPLAS) to boost its service to the Mexican market. In the deal Ashtabula-based Chromaflo picked up CECOPLAS’ production facility in Querétaro, Mexico, effective Nov. 1, 2018. “The acquisition of this business from CECOPLAS is consistent with our efforts in supplying quality colorants and additives for high performance thermoset products in the Americas’ markets and beyond,” Chromaflo CEO Scott Becker said in a statement. “The addition of CECOPLAS will provide us an opportunity to serve the Mexican market to a more effective degree.” Production will remain at the current location in Mexico and will enhance Chromaflo Technologies’ North American manufacturing facilities, the company said. “With any merger or acquisition, our No. 1 goal is to assure continuity of supply while building stronger relationships to enable us to meet and exceed customers’ expectations,” Larry Haines, vice president of mergers and acquisitions of Chromaflo, said in a statement. “We are confident that our acquisition of CECOPLAS will add to our mission and create an improved service level for existing clients.” Learn about Chromaflo CEO Scott Becker's acquisition strategy in his Smart Business Dealmakers Insider columns: Small deal, big impact How I find great deals Carveout transactions
