TPT March 2017

24 / 96

22 MARCH 2017
I NDUS T RY
Meridian acquires PowderCoat Services
MERIDIAN General Capital has
completed the acquisition of PowderCoat
Services (PCS), a production powder
coater offering a diverse range of related
services.
PCS is able to provide a new process
called electrophoretic deposition (EDP),
a liquid coating process that deposits
cross-linked organic polyurethane to
any metallic and select non-metallic
surfaces using electrical current. The
company serves a wide spectrum of
industries including automotive, home
improvement, consumer products,
sports equipment, musical instruments,
electronics, cleaning and sanitising, and
the military.
Ravi Rao, founder and chairman of
Meridian, said, “With this acquisition
Meridian intends to build a dynamic
industrial services enterprise.
“PCS provides a solid platform that
has been successful in this highly
specialised niche – one that is critical
to its customers and environmentally a
sound replacement to paint processes.
Additionally, the expertise of key
management staff will assure us of
meeting our ambitious growth plans in
this industry segment. The company’s
emphasis on process innovation as
evidenced in their investment in the
new EPD process should help us
expand into new geographic territories
and also address additional markets.”
Mr Rao will serve as the executive
chairman of PCS.
Powder coatings were originally
developed as an environmentally
sound method of painting commercial
parts, and have become one of the
most common finishes. Most of these
coatings are various shades of black,
though PCS carries many colours
and various gloss levels and textures.
Each finish can be manipulated to fit
specific needs, such as UV protection or
resistance to oils.
PCS offers services including
tube bending, fastener installation,
light manufacturing, final assembly
and supply chain management. The
company provides personalised
service and uses its own fleet of trucks
and drivers.
Meridian General – USA
Email:
Website:
PowderCoat Services, Inc – USA
Email:
Website:
FES supplies equipment in rapid turnaround
for Atlanta project
FES International, a global producer of
fluid transfer solutions, has completed
a quick turnaround for the delivery of
equipment to the Atlanta Field of Santos
Basin, Brazil, operated by Queiroz
Galvão Exploração e Produção (QGEP).
The multi-million dollar contract involved
the supply of nine diverless bend
stiffener connectors (DBSCs), which will
be used on the post-salt oil field, located
185km off the coast of Rio de Janeiro.
The FES DBSC technology has
proved a success for the firm, with more
than 350 units supplied around the world
and more on order.
Rob Anderson, managing director
of FES International, said, “We are
seeing an increasing shift towards
faster turnaround requirements from
clients. This contract had an extremely
tight schedule and it was critical to the
success of the job that we were able
to meet the ambitious timescales for
delivery.
“QGEP was drawn to our flexible
approach fromdesign stage to completion
and our solid track record meant that they
could trust that their deadline would be
met. We were able to complete the quick
turnaround, which involved adapting our
equipment to ensure it met the specific
requirements for the project.
“Our relationship with the client was a
major advantage in helping us to meet
the deadline by working closely with us
and getting the upfront preparation work
completed quickly. Brazil is an exciting
market with many future opportunities for
us that we look forward to progressing.”
FES (Flexible Engineered Solutions
International) provides fluid transfer
systems and five other core product lines,
and employs experts in design, including
FEA analysis and modelling, draughting
(on the latest 3D software), machining
and manufacture, and assembly and
testing, to manage every stage of a
project commission.
FES International – UK
Email:
Website:
FES supplied nine DBSCs to the Atlanta Field of Santos Basin in Brazil