Pittsburgh-based VORTEQ Coil Finishers, a provider of coil coating services for aluminum and steel products, recently completed the purchase of the coil coating assets of Mexico City-based Almexa Alumino.
Almexa will be renamed VORTEQ Mexico.
The companies did not disclose terms of the agreement.
“The addition of VORTEQ Mexico will allow us to generate significant growth, as will our highly successful acquisitions completed in 2016, 2018 and 2019,” said VORTEQ CEO Jim Dockey. “The transaction will add additional capacity, additional capabilities and geographic reach to our vast North American footprint. In addition, it also reinforces VORTEQ’s long-term strategic alliance with Almexa as the exclusive channel to the US market for Almexa’s 3105 common alloy spool, which can now be painted by VORTEQ in Mexico.
This is VORTEQ’s fourth add-on acquisition in the past six years.
Founded in 1982, VORTEQ operates 10 continuous coil coating lines in Pennsylvania, Mexico City, California, Illinois, Tennessee and Wisconsin. It offers wide and narrow web coating and printing, die-cutting and embossing products used by end markets across North America, including the automotive, building products, energy and lighting, signaling and transport.
Shadowbriar, a California-based private equity firm, said the transaction will strengthen VORTEQ’s position as a North American leader in aluminum coil coating.