TPi January 2017

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January 2017 TUBE PRODUCTS INTERNATIONAL 23
business & market news
Silva Mash EOOD – BULGARIA
Lovech 5500 . 1, Gurko Street . BULGARIA . Tel.: 00359 68 601581 . Fax: 00359 68 601583 .
Silva Mash EOOD is a specialist in the production
of precision and high-tensile electro-welded tubes
according to standard EN 10305.
The company manufactures CRC from HRC –
both low- and high-tensile strength.
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 are available in
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
PowderCoat Services, Inc – USA