CPS Color Switching Sponsors

Nordic Capital has agreed to buy CPS Color Group Oy from Industri Kapital for an undisclosed amount. CPS is a Vantaa, Finland-based supplier of tinting systems.

 

PRESS RELEASE

Industri Kapital (“IK”) has signed an agreement with Nordic Capital Fund VI (“Nordic Capital”) regarding the sale of CPS Color Group Oy (“CPS Color”). CPS Color is the global leading supplier of advanced tinting systems.

 

Based in Vantaa, Finland and with approximately 900 employees in eleven countries, CPS Color is the world’s leading supplier of tinting systems and technology, enjoying a unique position as the only company in the world supplying all of the necessary tinting system components: colorants, dispensers, mixers, software, marketing materials, technical support and consulting services.

 

IK acquired CPS Color (formerly known as Tikkurila CPS) in 2000. Since then, the company has undergone significant organisational and operational restructuring, including simplification of the production footprint, resulting in increased efficiencies and cost savings. Under IK’s ownership, CPS Color has focused on organic growth, strengthening of R&D and building its overall solution provider business model. The business has also grown with the successful acquisition and integration of Corob in 2002, thereby creating the only full tinting solution provider in the world. Since 2000, the company’s revenues have more than doubled, whereas earnings (EBITDA) nearly tripled during the same period.

 

Michael Rosenlew, Partner, Industri Kapital said: “Under IK’s ownership, CPS Color has been significantly reorganised and restructured. We have worked closely with the management team to implement operational improvements while at the same time executing acquisition-driven growth. Today CPS Color is a much stronger company than when we acquired it with a unique profile and market leading position.”

 

Arto Mets