Specialty Products (SPI), a Lakewood, Washington-based manufacturer of spray-applied polyurea elastomers, polyurethane foams, and custom plural component equipment, has joined the VersaFlex family of companies.
SPI is a leading manufacturer of specialty polyurea and polyurethane foams coatings with over 45 years of experience formulating high-performance solutions.
Reaction to the Move
“This is an exciting opportunity for employees and customers of SPI,” said Robert Jamieson, executive vice president of mergers and acquisitions (M&A) and integration at VersaFlex. “Merging with VersaFlex will allow SPI and its customers to reach new levels of success with a broader product offering and innovation support.”
SPI joins VersaFlex, Raven Lining Systems, Milamar Coatings, Bridge Preservation, and Vanberg Specialized Coatings as part of a growing portfolio of specialty coating solutions.
“We’re excited to join forces with SPI,” said Tom Verghese, CEO of VersaFlex, “This move allows us to broaden our specialty coatings portfolio and increase our focus on polyurea coating and foam solutions. We look forward to leveraging the increased scale this acquisition provides.”
About the Companies
In addition to its headquarters in Lakewood, Washington, SPI also has operations centers in Rowlett, Texas; Chicago, Illinois; and Anchorage, Alaska. SPI is a founding member of the Polyurea Development Association (PDA) and has a technical staff of a combined 180 years of total experience.
Meanwhile, Kansas City, Kansas-based VersaFlex is described as an industry leader in 100-percent solids, pure polyurea based technology. This technology is used in the protection and repair of a wide variety of industrial, commercial, and maintenance environments.
The company’s divisions include Bridge Preservation, which focuses on the protection and rehabilitation of highways, bridges, tunnels, and rail infrastructure; its SL series joint filler for commercial and industrial flooring applications; and FlexTain pre-sprayed liners for secondary containment.
For more information, contact: VersaFlex, (913) 321-9000, www.versaflex.com