Inland Coatings Acquires TRUCO
ADEL, Iowa — Inland Coatings Holdings has acquired privately-held TRUCO Inc. from the Hoskins family.
TRUCO is a leading U.S. manufacturer of elastomeric rubber and acrylic roof coatings. Inland Coatings— a portfolio company of Midwest Growth Partners — provides value-added commercial building and industrial coating solutions across North America. Terms of the deal were not disclosed.
On a combined basis, Inland and TRUCO represent 80 years of experience in domestic coatings manufacturing.
“We are pleased to begin the process of integrating TRUCO into the Inland family and realizing the benefits that TRUCO will bring to our coatings business,” said Cameron McGinley, Inland Coatings Holdings’ CEO. “Our acquisition of TRUCO will accelerate our growth strategies, expand our presence in commercial and industrial coatings, broaden our product offerings, and increase our geographic presence across the United States.”
Inland Coatings, founded in 1978, is headquartered in Adel, IA, where full production capabilities are located. It is a leading coatings manufacturer for the commercial roof, agriculture, and industrial markets.
“In addition, TRUCO operates in a space we know extremely well,” he said. “This experience will benefit both Inland Coatings and TRUCO as we share best practices and focus on exceeding our customer’s expectations. We are pleased to have more options to better serve contractors, architects, consultants, and building owners.”
“We are thrilled to join Inland Coatings. Our family has held a deep respect for Inland’s products and people for decades, and we’re confident Inland is an ideal parent company for TRUCO and our employees going forward,” said Chris Hoskins, TRUCO president. “We are looking forward to working with Inland Coatings to identify best practices, increase new product development, and expand our reach to more customers across North America.”
TRUCO, founded in 1978 and headquartered in Cleveland, Ohio, is a leader in elastomeric roof coatings for the commercial roof market. TRUCO products include SEBS, Acrylic, and Silicone coatings.