We were the natural owner for the Trimite assets offered for sale and we moved quickly and decisively to ensure we purchased them.
(PRWEB UK) 17 January 2013
Trimite Global Coatings today announced that it has purchased all intellectual property (IPR), including trademarks and brand names, relating to the former Trimite Ltd business that went into administration in March 2009.
Stretford Group, the owner of Trimite Global Coatings, secured the rights, despite intense international competition as the assets were marketed globally.
Jonathan Irwin, Group Managing Director of Trimite Global Coatings, commented on the purchase: “I am delighted with the speedy acquisition of the assets - we are now able to protect the heritage and goodwill associated with the Trimite name in the coatings industry. We have worked with Stretford Group to become financially stable and create a firm foundation for growth by focusing on our key markets and technologies.”
Trimite Global Coatings has invested in Research & Development (R&D) with the aim of setting new standards in global coatings production and technologies and re-emerging as a key player in the global coatings industry. The R&D investment will further enhance the company’s comprehensive range of coatings technologies supplied to clients in the UK and internationally.
David Roberts, Stretford Group Chairman added: “We have developed an exciting roadmap of new initiatives and continue to make on-going investment within Trimite Global Coatings in line with our long term strategy. We were the natural owner for the Trimite assets offered for sale and we moved quickly and decisively to ensure we purchased them.”
Trimite Global Coatings products include paints, powder coatings and pre-treatments for key markets such as vehicles and engines, defence and aerospace, homeware, security, agricultural and construction equipment, and teletronics.
About Trimite Global Coatings
Trimite Global Coatings is one of the world’s leading coatings businesses, supplying global customers from manufacturing facilities in the UK, Ireland, USA, Brazil, India, China, Indonesia, Germany and Hungary with a comprehensive range which spans pre-treatment products as well as powder and liquid paint coatings.