Pittsburgh-based VORTEQ Coil Finishers, a provider of coil coating services for aluminum and steel products, recently completed the purchase of Mexico City-based Almexa Alumino’s coil coating assets.
Almexa will be renamed VORTEQ Mexico.
The companies did not disclose the deal’s terms.
“The addition of VORTEQ Mexico will drive significant growth for us, much like our highly successful acquisitions completed in 2016, 2018, and 2019,” VORTEQ CEO Jim Dockey said. “The transaction will add incremental capacity, additional capabilities, and geographic reach to our extensive North American footprint. Additionally, it also fortifies VORTEQ’s long-term strategic alliance with Almexa as the exclusive channel to the U.S. market for Almexa’s 3105 common alloy coil, which now can be painted by VORTEQ in Mexico.”
This is VORTEQ’s fourth add-on acquisition in the last six years.
Founded in 1982, VORTEQ operates 10 continuous coil coating lines in Pennsylvania, Mexico City, California, Illinois, Tennessee, and Wisconsin. It offers wide and narrow coil coating products and printing, slitting, and embossing used by end markets throughout North America, including the automotive, building products, energy and lighting, signage, and transportation industries.
Shadowbriar, a California private equity firm, said the transaction will further VORTEQ’s North American leadership position in aluminum coil coating.