Texas company buys Canfield Metal Coating

A Southlake, Texas private-equity firm bought the Canfield Metal Coating Corp. for $1.2 million.

Insight Equity Holdings, LLC., through its portfolio company New Star Metals, Inc., purchased the 460 W. Main St. company July 8, according to a statement from the firm.

The statement says New Star Metals purchased substantially all of Canfield Metal’s assets and renamed the company Canfield Coating, LLC.

Canfield Coating has light gauge coating capabilities and provides galvanized and painted steel coils to a variety of companies in the packaging, automotive, and construction industries.

“We are excited to bring Canfield onto the New Star team,” New Star CEO Pat Murley said in the statement. “Canfield compliments the capabilities we have at our Electric Coating Technologies division and in the coming months we will be working hard to implement the best practices from both divisions.”

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s