CPS Color and Corob join forces as planned

The merger agreement signed on 5 November 2002 between CPS Color and Corob Group has been approved by the authorities and came into effect on 17 December 2002. CPS Color, a leading supplier of advanced tinting systems, acquires Corob, a leading manufacturer of automatic tinting equipment from Swisslog. The new company is positioned to be a leading provider of postponed colour production systems.

CPS Color Group Oy acquires Corob Group from Swisslog Group which is increasingly concentrating on its core business – supply chain solutions. The new combined company will continue to use the two existing product brands, CPS Color and Corob. The parent company of the Group will continue to use the name CPS Color Group Oy.

The new company’s head office is located in Finland. The company has production plants in The Netherlands, Finland, Italy, South Africa, USA, Australia, China, India and Uruguay, as well as a wide sales and customer support network in all main markets.

“The integration process starts immediately and we plan to implement it as fast as possible,” says Jyrki Perttunen, CEO of the new company, and previously CEO of CPS Color.

“The integration will create new business opportunities and strengthen our customer service offering. We will be able to provide our customers with competitive colourant systems and tinting machines as well as total tinting solutions”, he confirms.

The new company will invest in the joint development of next generation colourants and tinting equipment and intends to expand into new markets beyond the paint industry. Combining the two businesses also creates the opportunity to take over larger responsibilities in the management and development of paint companies’ tinting concepts and the service of customer’s tinting machines.

Reader enquiries

CPS Color
Nusterweg 98
PO Box 809
NL-6130 AV Sittard
Netherlands
+31 46 4570 100
info@​cpscolor.com
www.cpscolor.com

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Notes for editors

CPS Color is a leading supplier of advanced tinting systems. It offers all the components of a complete tinting system: colourants, dispensing and mixing equipment, technical support, software, colour communication aids and consultancy. CPS Color actively pursues opportunities to expand the potential of tinting systems into new markets and new applications. Its tinting systems are sold to paint, leather and plastic manufacturers worldwide. CPS Color is controlled by the Industri Kapital 2000 Fund.

Key figures: sales €110 m (estimate 2002), 315 employees

Internet: http://www.cpscolor.com

COROB is a global supplier of automatic tinting machines. Its product offering covers dispensers, mixers and shakers, spectrophotometers, software and spare parts. Corob is a leading company in the higher end of the tinting machines market.

Key figures: sales €60 m (2002 estimate), 380 employees

Internet: http://www.corob.com