Pilkington Metal Finishing LLC of Salt Lake City has been purchased by Green Bay, Wisconsin-based Pioneer Metal Finishing LLC. Financial terms were not disclosed. Pilkington is a portfolio company of Aterian Investment Partners of New York City.
Founded in 1981, Pilkington is a metal finishing business serving customers across a range of industries, including aerospace and defense, medical devices, general industrial, consumer goods and others.{mprestriction ids="1,3"} Pilkington's core capabilities include anodizing, powder coating, wet coating, non-destructive testing and heat-treating services. Pioneer serves similar industries and the combined company will now have locations across North America, Pioneer said in announcing the transaction.
“The acquisition of Pilkington by Pioneer is highly strategic and represents a continuation of Pioneer’s strategy of acquiring leading metal finishing businesses across North America,” the release said. “The Pilkington acquisition provides additional scale and further entrenches Pioneer into the aerospace and defense and medical end markets. Additionally, Pioneer and Pilkington have a rich cultural fit and will utilize each other’s complementary capabilities and footprint to continue providing best-in-class quality and service to support their customers.”
“We are very excited about the Pilkington family joining the Pioneer family,” said Kevin Stevick, CEO of Pioneer. “Pilkington has a fantastic business with a strong, dedicated customer base and a group of highly talented people that align with Pioneer”s values and culture.”
“We feel right at home with the Pioneer team, who really understand the metal finishing business,” said Van and David Pilkington, owners of Pilkington, in a statement. “It’s a great cultural fit because we share the same commitment to our customers, our employees and to best industry standards. We are highly complementary of the folks at Pioneer and Aterian, who have been welcoming, transparent and straightforward throughout this entire process. Working together we’re fully enabled to meet the growing demand for metal finishing services here in the West.”{/mprestriction}
