SOURCE: Precision Coating Co., Inc.

Precision Coating Co., Inc.

February 13, 2012 09:59 ET

Precision Coating Partners With Medi-Solve Coatings, LLC

Adds Hydrophilic Coating Capability for Medical Device Applications

DEDHAM, MA--(Marketwire - Feb 13, 2012) - Precision Coating Co., Inc. has acquired a controlling interest in Medi-Solve Coatings, LLC of Natick, Mass. Medi-Solve Coatings is a hydrophilic coating provider focusing on medical device applications.

This transaction achieves a number of strategic goals for Precision Coating. Medi-Solve Coatings adds exceptional formulation and application experience in the medical device arena. The addition of hydrophilic coating capabilities to Precision Coating's offerings of fluoropolymer coatings will help meet a growing need of our medical device customers for coating formulation and technical expertise. For Katahdin, Medi-Solve Coatings adds another complementary coating platform to expand its portfolio of surface finishing and coating services, providing additional growth opportunities in the medical device coatings market.

"I am pleased that we are able to offer our medical device customers a broader range of dry and wet lubricious coating technologies that are critical to the end performance of so many devices," said Robert DeAngelis, President of Precision Coating. "Moreover, the experience of the Medi-Solve Coatings team will be extremely valuable as we continue to expand our coating capabilities."

Medi-Solve Coatings' President Ron Sahatjian Ph.D., added, "By joining forces with Precision Coating, we will leverage our resources and technology to better serve our current and future customers. Being part of the Katahdin family of companies, with access to their technical and customer service resources, is an exciting way to grow our business."

About Precision Coating
Precision Coating (www.precisioncoating.com) is one of the largest plastics coating applicators in the world, specializing in high-tolerance PTFE coating applications in the medical device market. With more than 50 years of custom coating experience and expertise understanding application requirements and selecting appropriate solutions for customers, Precision Coating has developed a commitment to quality and service. Based in Boston, Precision Coating is a subsidiary of Katahdin Industries, a provider of high-tolerance coating applications and specialized metal finishing technology and services to the medical device and industrial markets through platform-focused subsidiaries Precision Coating, Precision Fabric, DCHN and Sanford Process Corporation.

About Medi-Solve Coatings
Medi-Solve Coatings (www.medisolvecoatings.com) is a leading provider of hydrophilic, hydrophobic and lubricious coatings focusing on medical device and biomedical applications. As highly regarded coatings experts, with over 40 years of industry experience, Medi-Solve Coatings uses its in-depth understanding of medical device requirements to develop innovative solutions for its customers. Medi-Solve Coatings is dedicated to continually improving its coatings and custom formulations, assisting customers from product design through manufacturing.

About Katahdin
Katahdin Industries, Inc. (www.katahdin-inc.com) provides high tolerance coating applications and specialized metal finishing technology and services to the medical device and industrial markets through platform-focused subsidiaries. Katahdin's coating operations are conducted through Precision Coating Company, Inc., one of the largest medical device coating applicators in the world, specializing in PTFE and Teflon® coating applications. A separate co-located company, Precision Fabric, is a worldwide distributor and converter of PTFE coated fabrics, tapes and belts. Specialized metal finishing services are conducted through DCHN, LLC, an industry leader in technical aluminum and titanium anodizing, electro-polish and passivation, and other related services. Sanford Process Corporation provides hard coat anodizing solutions and intellectual property to a range of well-known OEMs and their prime subcontractors worldwide, with an increasing presence in Korea and China.

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