Quest Specialty Chemicals Acquires United Coatings

(Spokane, WA) – United Coatings, a leading manufacturer of protective coatings for the construction industry, recently announced that is has been acquired by Quest Specialty Chemicals, Inc., and its equity partner Huron Capital Partners LLC. According to officials from Quest, the acquisition will provide United Coatings with more capital resources and allow them to increase their presence in the construction coatings industry.

The acquisition will not affect United Coatings’ business operations or customer relationships in any way. Operations at United’s manufacturing facilities in Spokane, W A and Phoenix, A Z will continue uninterrupted and all of its management was retained.

“Quest is a strong company with a solid reputation in the coatings industry, so this acquisition made perfect sense for United Coatings,” commented Charlie Van Gelder, Vice President and National Sales Manager for United. “Building off of our long history in the coatings market, this new relationship with Quest will allow us to diversify our manufacturing capabilities, increase revenues and grow our business to exciting new levels.” “Internationally, the farsighted ownership and innovative spirit provides United Coatings with the means to pursue relationships, markets and opportunities that previously would have been very difficult”, added Bill Mann, Vice President of International Sales.

Quest is engaged in a major initiative to expand its presence in the coatings industry and the acquisition of United Coatings is its fourth purchase of a coatings manufacturer over the past two years. In 2004 Quest acquired the Raabe Company, LLC, a manufacturer of aerosol paints, followed by the acquisition in mid 2005 of Foxcolor, an industry competitor. In July 2006 Quest purchased Matrix System Automotive Finishes, LLC, a transportation coatings manufacturer specializing in custom color matching for the automotive repair market.

“United Coatings manufactures a quality product and they have an excellent reputation within the construction coatings industry,” said Quest Specialty Chemicals Chairman and CEO Fred Quinn. “We are committed to expanding United’s business through additional acquisitions and increased capital support. With additional resources, we expect United to experience considerable growth and expansion for years to come.”

Since 1919, UNITED COATINGS has been a leading manufacturer of protective coatings for a wide range of architectural, industrial, roofing and do-it-yourself applications. United’s product line includes systems for interior & exterior walls, pedestrian & vehicular traffic decks, potable water storage, waste /water treatment, secondary containment, interior & exterior pipe lining, and new or existing roofs. For more information call 1.800.541.4383 or visit www.unitedcoatings.com.