UC Coatings Corporation
On November 26, 2013, Argosy Investment Partners IV, L.P. (“Argosy”) partnered with Sidereal Capital Group, LLC (“Sidereal”) to invest preferred and common units to fund the recapitalization of U•C Coatings Corporation (“UC Coatings” or the “Company”), a family-owned business founded in 1971. Headquartered in Buffalo, NY, UC Coatings (www.uccoatings.com) is a leading manufacturer and distributor of specialized emulsion coatings and 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 lumber during the drying process. In addition to ANCHORSEAL®, 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 wood protection products. The Company’s consistent product development efforts have helped build a strong library of intellectual property including proprietary formulas and patented products that, together with trademarks and trade secrets, support UC Coating’s position as a market leader.
The business plan includes organic growth as the housing and commercial real estate markets rebound, enhanced new product development efforts and acquisitions of complementary businesses and product lines.