United Paint

MILWAUKEE (July 26, 2024) – Sheboygan Paint Company, a Wisconsin-based family-owned manufacturer of liquid industrial coatings announced the acquisition of Bradley Coatings Group from United Paint and Chemical Corporation. Sheboygan Paint is a fifth-generation owned company founded in 1921. Bradley was founded in 1946 and was acquired by United in 2017 and supplies 100+ customers with coatings throughout North America for diverse end-use applications in the transportation and general industrial metal segments. Financial terms of the transaction were not disclosed.

“Bradley is an excellent fit and will complement our comprehensive product offering giving our customers more choices across water, solvent and radiation cure technologies.” said Paul Krueger – President & CEO of Sheboygan Paint. “Bradley’s focus and growth in the transportation sector fits well with our strategic vision. They have grown and maintained a loyal customer base with exceptional customer service and highly customized formulations. We look forward to continuing to build on those relationships with an expanded product portfolio from the combined companies.” 

“On behalf of the family and Board of Directors, we believe that Bradley Coatings is an excellent addition to the business and another example of our commitment to the ongoing legacy of Sheboygan Paint Company.” said Jay Brownrigg – Chairman of The Board.

“Following 7 years of successful reinvestment and growth, United Paint & Chemical Corporation came to the conclusion that Bradley Coatings customers required a broader product portfolio and wider geographic reach. This combination has been found in Sheboygan Paint Company.”  said Geoff Piceu owner of United. “Sheboygan’s dedication to personal service and new technology, along with the flexibility and values of a family-held business, will ensure Bradley Coatings is able to reach new heights. After an orderly transition of manufacturing, this divestiture will allow United Paint to focus its effort and resources exclusively on coatings for thermoplastic substrates.”

Sheboygan and Bradley will partner to ensure a successful transition for customers in the coming months with production being absorbed into Sheboygan’s facilities in Wisconsin and Georgia.

Based outside of Detroit, MI, United Paint and Chemical Company is a manufacturer of coatings for both rigid and flexible substrates. Since 1953, the Company has provided custom solutions to the Automotive, Consumer Goods, Hospitality, Industrial, and Marine Industries. For more information, visit www.unitedpaint.com/.

With headquarters in Sheboygan, WI, Sheboygan Paint Company is a 100-year-old independent industrial coatings company focused on personalized customer solutions. Sheboygan Paint Company’s in-house chemists and technicians serve a broad array of industrial industries to fulfill the needs of OEMs and refinishers for those industries. For more information, visit www.shebpaint.com/.

With origins dating back to 1946, Bradley Coatings Group was acquired by United in 2017 and supplies 100+ customers with coatings throughout North America for diverse end-use applications in the transportation and general industrial metal segments. For more information, visit www.bradleycoatings.com/.

Grace Matthews, Inc., a Milwaukee-based investment bank, provides merger, acquisition, and corporate finance advisory services to private and public companies across the chemical and material science value chain. Over the past 25 years, Grace Matthews has successfully completed over 150 transactions on behalf of clients ranging from private, middle-market companies to large, foreign or U.S.-based multi-nationals. For more detailed information on Grace Matthews, visit gracematthews.com.