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Corrosion Innovations, Llc, Acquires Chlor*Rid™ Product Line

Mar 16, 2023•over 2 years ago

Acquiring Company

Corrosion Innovations

Acquired Company

Product Line

Manufacturing

Description

Archie Cox, Jr, Chairman of the Board for Corrosion Innovations, LLC {a global leader in the corrosion-prevention industry}, announced that they acquired the Chlor*RidTM product line from Milliken & Company ("Milliken") on March 16, 2023. The Chlor*RidTM product line includes surface decontamination, passivation products, and salt testing kits for soluble salt detection and removal.

Company Information

Company

Corrosion Innovations

About

Corrosion Innovations is the manufacturer of the Corr-ZeTM product line, an innovative Coating-Edge TechnologyTM. Corr-ZeTM is a superior surface treatment and unique cleaning process that prepares substrates for protective coating applications. Corr-ZeTM removes the non-visible cause of coating failures and prevents corrosion even in the most corrosive environments. In addition to making Chlor*Rid and Corr-ZeTM products available for distribution, Corrosion Innovations will continue research to identify contaminants and other interference impurities to further develop environmentally safe, effective, and economical solutions. Learn more about how they are revolutionizing metal surface preparation at corrinnovations.com, and on LinkedIn.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed