The company now has ten coil coating lines in North America
PITTSBURGH, July 13, 2022 /PRNewswire/ — VORTEQ Coil Finishers (VORTEQ or the Company), a leading provider of coil coating services for aluminum and steel products, today announced the acquisition of the coil coating assets held by Almexa Alumino SA DE CV (Almexa). As part of the transaction, Almexa’s former coil coating operation, located in Mexico City, will be renamed VORTEQ Mexico. Terms of the acquisition were not disclosed.
This transaction becomes the fourth add-on acquisition for VORTEQ in the past six years. Now operating ten continuous coil coating lines, VORTEQ offers the broadest geographic reach in the coil coated metals industry for a wide range of metal products and multiple end-use markets in North America.
“The addition of VORTEQ Mexico will drive significant growth for us, as will our very successful acquisitions completed in 2016, 2018 and 2019,” says Jim Dockey, CEO of VORTEQ. “The transaction will add additional capacity, additional capabilities and geographic reach to our vast North American footprint. Additionally, it also reinforces VORTEQ’s long-term strategic alliance with Almexa as the exclusive channel to the US market for Almexa’s 3105 common alloy spool, which can now be painted by VORTEQ in Mexico.”
Matt ManManaging Partner of Shadowbriar Capital Partners (Shadowbriar) adds: “The Almexa transaction is a very compelling acquisition for VORTEQ, further strengthening the company’s position as a North American leader in aluminum coil coating. Shadowbriar will continue to support VORTEQ’s outstanding team as the company deepens its processing capabilities, geographic reach and strategic partnerships. »
About VORTEQ Coil Finishers
Since 1982, VORTEQ has been a trusted American source for quality pre-painted steel and aluminum. With ten distinct coil coating lines strategically located in Pennsylvania, Wisconsin, Illinois, Tennessee, California and Mexico City, VORTEQ differentiates itself by offering a wide range of metal coil coating services to the industry. VORTEQ works with customers in a variety of markets to offer industry specific services including wide and narrow coil coating, printing, die-cutting and embossing for a diverse range of end markets from construction products, transportation , automotive, signaling, energy and lighting. For more information about VORTEQ, please visit www.vorteqcoil.com.
About Shadowbriar Capital Partners
Shadowbriar is a Los Angeles private equity based firm that seeks to make control investments in leading lower middle market industrial companies that demonstrate strong potential. Shadowbriar seeks to partner with exceptional management teams over the long term to drive meaningful growth, both organically and through follow-on acquisitions post-closing. For more information on Shadowbriar, please visit www.shadowbriar.com.