Tnemec Company Purchases Assets of Textured Coatings of America
November 4, 2019
Tnemec Company, Inc. has purchased assets of Textured Coatings of America, Inc. “We are thrilled to welcome Tex•Cote into the Tnemec family and feel there are great synergies between the two companies,” Wallace said Terry Wallace, vice president — Business Development at Tnemec. “Tex•Cote has great products, excellent production facilities and outstanding personnel. Our plan is to provide Tex•Cote with operational and managerial support for growth within its current markets and customer base.”
Textured Coatings of America, Inc. was founded in Los Angeles, Calif. Majority ownership of the company was acquired from the founders by Stuart Haines in 1961, and under his leadership, the company expanded its sales throughout North America and internationally to more than 23 countries.
“Our company has been involved in countless landmark and high-profile projects, from bridges to airports, from college campuses to massive commercial projects, over the last 58 years,” said Haines, chairman and president/CEO of Textured Coatings of America, Inc.
Tnemec added that both companies share a common history of private ownership, multi-generational family management and an entrepreneurial spirit that is deeply rooted in the company culture.