Tonka Bay Equity Partners-backed Fenix Specialty Performance Coatings completed the acquisition of National Coatings.

Tonka Bay Equity Partners-backed Fenix Specialty Performance Coatings, a manufacturer of industrial paints, concrete coatings, and decorative concrete products, completed the acquisition of National Coatings, a commercial painting, industrial coatings, and sandblasting company. Financial terms were not disclosed. “We are very excited to welcome National Coatings Inc (National Coatings) to the Fenix family. National Coatings has a reputation for providing superior performance, quality and service. They have been a trusted partner for a strong base of customers in the general industrial and packaging markets for the last forty-five years. The addition of National Coatings bolsters the strong reputation and presence of Fenix (Sierra Coatings and TCI coatings) in the general industrial coatings market as well as adding new technology for packaging,” Todd Schroeder, Fenix Specialty Performance Coatings CEO.