Surface Protection Industries, Inc.
Los Angeles-based Surface Protection Industries retained Grace Matthews to sell its Paramount Paint & Lacquer division in a competitive sale process. Grace Matthews identified a number of interested buyers for this wood coatings manufacturer, including Chemcraft International.
As an industry leader in wood coatings, Chemcraft had strategic reasons to increase its market share on the West Coast, as a strong consolidator in this competitive market. As a result of its in-depth knowledge of the coatings marketplace, Grace Matthews was able to match the Paramount division with a motivated, strategic buyer and negotiate a favorable transaction.