Infinite Possibilities.

Watson Standard Acquires Delta Coatings

Pittsburgh, PA, Dec. 4, 2012 – Effective December 3, 2012,Watson Standard has acquired certain assets of Delta Coatings Corporation, a privately-owned coatings company that specializes in the development and manufacturing of coatings for the general industrial and packaging industries. Acquiring Delta allows Watson to re-enter the general industrial coatings marketplace and add to its existing portfolio of coatings and adhesives for the packaging industry. The acquired business will operate as Watson Standard Industrial Coatings.

“We are excited and enthusiastic about this return to an industry that was a facet of our foundation and represents our continued investment in and dedication to the coatings industry”, remarked Jim Lore, President of Watson Standard. “Additionally, Delta has developed a unique technology platform for BPA non-intent coatings targeted for the packaging industry and under a multi-year license Watson intends to bring this technology to full commercialization. This is an excellent acquisition which will provide significant benefits to both companies’ customers and prospective customers.”

Delta Coatings Corporation, located in Melrose Park, IL., has been a vital and innovative member of the industrial coatings community since 1996. Delta is best known for its water-borne coatings for the container and drum industries, OEM/general industrial and transportation industries. Delta’s portfolio also includes high solids, conventional solvent-based, HAP’s-free and solvent-free radiation curable coatings for spray, dip, roll-coat, coil, electrostatic and electro-coat applications. Watson Standard’s acquisition of Delta will provide both companies with additional global growth opportunities. This action is aligned with Watson’s commitment to a strategy of organic growth in addition to forming strategic partnerships and acquisitions of complimentary companies. “This is the first of many acquisitions Watson Standard plans to make in the coming years. The addition of Delta’s quality products and talented people will provide us with a solid re-entry into the general industrial coatings market. This will complement our core business that supplies coatings and adhesives to the global packaging marketplace, and provide us with additional internal and external growth opportunities in the future”, added Henry Watson, VP Corporate Development and fifth generation Watson involved in the operation of Watson Standard.