(Indianapolis, IN) – Specialty Coating Systems, Inc. (SCS) is pleased to announce that it has been acquired by Berwind Corporation (Philadelphia, Pennsylvania). Berwind is a fifth-generation, family-owned private investment management company, with roots dating back to 1886. The company’s diversified portfolio is comprised of highly successful manufacturing and service companies which are all leaders in their respective market niche.
Berwind purchased SCS from Bunker Hill Capital, L.P. (BHC), which had acquired the company in December 2005 from Cookson Electronics with the intent of supporting greater growth initiatives. Since then, SCS has demonstrated excellent, sustained growth, making it an excellent candidate for acquisition after only two and a half years.
SCS is an excellent, long-term strategic fit for Berwind’s portfolio as its operating companies serve a number of industries including pharmaceutical, specialty chemical, automotive, commercial vehicle, and natural resources. Berwind’s portfolio of companies employs over 3,500 employees around the world and represents several billion dollars in enterprise value.
“Berwind Corporation’s acquisition of SCS represents a seamless and exciting change for our company and customers, and is a testimony to the sustainable growth prospects of our company,” said Terry Bush, SCS President and CEO. “Our core focus will continue to be an unyielding commitment to the needs of our customers and markets. SCS remains committed to delivering the highest quality services and products to our worldwide customers.”
About Specialty Coating Systems
Headquartered in Indianapolis, IN, SCS is the worldwide leader in Parylene conformal coating services, systems, and materials. SCS has over 35 years of application experience and expertise in the medical device, electronics, automotive, and military industries. With nine coating facilities throughout the Americas, Europe, and Asia, SCS leverages its worldwide Parylene coating resources in order to meet its customers’ needs on a global basis. The Company also offers industry-leading liquid coating systems including spray, spin and dip coating systems and ionic contamination test systems. To find out more about SCS and its leading product lines, visit the Company’s website at www.scscoatings.com.
SCS and Specialty Coating Systems are trademarks of Specialty Coating Systems.