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CPS COLOR AND COROB JOIN FORCES AS PLANNED
CPS Color, a leading supplier of advanced tinting systems, has acquired Corob, a leading manufacturer of automatic tinting equipment from Swisslog. The new company is positioned to be a leading provider of postponed colour production systems. CPS Color Group Oy acquires Corob Group from Swisslog Group which is increasingly concentrating on its core business – supply chain solutions. The new combined company will continue to use the two existing product brands, CPS Color and Corob. The parent company of the Group will continue to use the name CPS Color Group Oy. The new company’s head office is located in Finland. The company has production plants in The Netherlands, Finland, Italy, South Africa, USA, Australia, China, India and Uruguay, as well as a wide sales and customer support network in all main markets. “The integration process starts immediately and we plan to implement it as fast as possible,” says Jyrki Perttunen, CEO of the new company, and previously CEO of CPS Color. “The integration will create new business opportunities and strengthen our customer service offering. We will be able to provide our customers with competitive colourant systems and tinting machines as well as total tinting solutions”, he confirms. The new company will invest in the joint development of next generation colourants and tinting equipment and intends to expand into new markets beyond the paint industry. Combining the two businesses also creates the opportunity to take over larger responsibilities in the management and development of paint companies’ tinting concepts and the service of customer’s tinting machines.
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