Lorama Expands Global Footprint with Acquisition of Monteith and Waterfoot from DCL Corporation
On February 12, the Lorama Group Inc., a leading provider of colour dispersions and bio-based additives, has entered into a definitive agreement to acquire the colourant dispersions business of DCL Corporation, a CPCA member. This acquisition includes DCL’s manufacturing facilities in Ontario, Canada (Monteith) and Waterfoot, UK. This strategic acquisition is part of Lorama’s ongoing growth strategy and strengthens its position as a global leader in providing innovative colour solutions to the paints and coatings industry. Monteith is renowned for its specialized industrial coatings and dispersions, bringing decades of industry experience and a strong customer base. Waterfoot, a leading innovator in color solutions for in-plant and specialty coatings, further enhances Lorama’s capabilities in providing high-quality, tailored products to customers worldwide. Together, the acquisitions will help drive Lorama’s continued leadership in the global coatings sector.
Key Benefits for Customers
Lorama’s expanded portfolio will offer significant advantages for its customers, including:
- Wider Product Range: Access to a broader range of high-quality colour dispersions, specialty chemicals, and coatings solutions.
- Enhanced Expertise: The combined technical capabilities of Lorama, Monteith, and Waterfoot will foster innovation and allow for the development of new, cutting-edge products.
- Global Reach: The acquisition strengthens Lorama’s presence in key markets, enabling the company to better serve its existing customer base and expand into new regions.
Commitment to Employees and Customers
Lorama is committed to ensuring a smooth integration process for the employees of Monteith and Waterfoot, with a focus on maintaining continuity and support during this transition. Lorama will also continue to deliver high levels of customer service and technical support throughout the integration process.