# Canlak Coatings acquires Ceramic Industrial Coatings

Canlak Coatings, a portfolio company of SK Capital Partners, acquired Ceramic Industrial Coatings, a manufacturer of specialty wood coatings. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2023-05-08
- Where: Minneapolis, Minnesota, United States
- Status: completed
- Products: specialty wood coatings, water-based coatings, solvent-based coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [SK Capital Partners](https://endata.com/companies/7815.md) (investor)
- [Canlak Coatings](https://endata.com/companies/46910.md) (acquirer)
- [Ceramic Industrial Coatings](https://endata.com/companies/46911.md) (target)
- [Ceram-Traz Corporation](https://endata.com/companies/74073.md) (target)

## Sources

- [northborne.com](https://northborne.com/news/ceramic-industrial-coatings-acquired-by-canlak-coatings-a-portfolio-company-of-sk-capital-partners/), 2023-05-08: "Ceramic Industrial Coatings acquired by Canlak Coatings, a Portfolio Company of SK Capital Partners"
- [businesswire.com](https://www.businesswire.com/news/home/20230508005115/en/Canlak-Coatings-Inc.-Completes-the-Acquisition-of-Ceramic-Industrial-Coatings), 2023-05-08: "The acquisition of Ceramic Industrial Coatings aligns with the Company’s vision to create a specialized wood coating systems business while accelerating its growth in the North American OEM wood coatings market."
- [skcapitalpartners.com](https://skcapitalpartners.com/canlak-coatings-inc-completes-the-acquisition-of-ceramic-industrial-coatings/), 2023-05-08: "The acquisition of Ceramic Industrial Coatings aligns with the Company’s vision to create a specialized wood coating systems business while accelerating its growth in the North American OEM wood coatings market."
- [canlakcoatings.com](https://canlakcoatings.com/canlak-coatings-inc-completes-the-acquisition-of-ceramic-industrial-coatings/), 2023-05-08: "The acquisition of Ceramic Industrial Coatings aligns with the Company’s vision to create a specialized wood coating systems business while accelerating its growth in the North American OEM wood coatings market."
- [paints.com](https://paints.com/canlak-coatings-inc-completes-the-acquisition-of-ceramic-industrial-coatings/), 2023-11-29: "The acquisition of Ceramic Industrial Coatings aligns with the Company’s vision to create a specialized wood coating systems business while accelerating its growth in the North American OEM wood coatings market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.