Sidereal Capital Group has partnered with Argosy Private Equity to acquire U∙C Coatings Corporation.
Headquartered in Buffalo, New York, U∙C Coatings manufactures and distributes wood protection products for the logging, lumber, furniture, and woodworking industries. The company’s flagship Anchorseal branded products are an industry leading line of wax based emulsion end sealers, designed to prevent splitting and degradation of freshly sawn, high value hardwood logs and lumber during processing.
The Company also offers GemPaint, a water-based paint used by lumber suppliers to brand their products and enhance overall appearance, as well as other related niche market wood protection products.
“We are truly delighted by the opportunity presented by this partnership with Sidereal and Argosy,” says chief executive Norm Murray. “My father founded this company in 1971 and over the past 40 years we have grown from a small ‘mom and pop’ operation to the premier supplier in our industry. This investment advances us to the next level and provides the strategic investment and technical assistance necessary to support and accelerate our continued growth.”
