Safway Group Acquires North American Coatings
Including CL Coatings, Industrial Coatings & Fireproofing, and SEI Coatings
WAUKESHA, Wis. – October 1, 2012 – In a move to further strengthen its position as a multiservice industrial services provider offering scaffolding, insulation and painting (SIP), Safway Group is announcing the acquisition of North American Coatings (NAC) and its family of companies – including CL Coatings, Industrial Coatings & Fireproofing (ICF) and SEI Coatings – which specialize in the application of high-performance coatings throughout the petrochemical, pharmaceutical, power, refining, marine, manufacturing, transportation and commercial construction industries.
“Acquiring an outstanding, national industrial painting and coatings company such as NAC and its family of companies is part of our overall multiservice strategy,” explained Bill Hayes, Safway Group president and CEO. “Many of our customers would prefer to work with companies that offer scaffolding, insulation and painting, rather than contract separately for these services. With the NAC family of companies, Safway adds unmatched depth, experience and expertise in painting, coating and fireproofing, to its insulation services and access solutions. We believe this will provide our customers with increased efficiency, savings and a higher degree of performance.”