The Star Beacon; Ashtabula, Ohio

Local News

December 6, 2013

Chromaflo and CPS’s colorant business combine

ASHTABULA — Chromaflo Technologies is merging with CPS Color’s colorant business to create one company.

As a result of the combination, the former CPS Color Equipment Business Unit will become a stand-alone company under the brand name COROB.

The new colorants and dispersions company will operate under the name Chromaflo Technologies and will be headquartered in Ashtabula, with production facilities in the U.S., Canada, the Netherlands, Finland, Australia and China.

Sales and technical support also will be provided throughout North and South America, Europe, Australia, China, India, and South East Asia.

Chromaflo Technologies will have global sales, manufacturing and technical capabilities with revenue in excess of US $400 million annually.

“The combination of the CPS Colorants business with Chromaflo Technologies is a perfect fit of two players in different segments of the colorants industry,” said Scott Becker, CEO of the new Chromaflo Technologies. “This combination brings together complementary manufacturing capabilities, broadens our base of technologies and expands our global platform.”

Peter Baggen, formerly executive vice president colorants at CPS Color, will run the EMEA operations of Chromaflo Technologies.

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