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Fenix Group Announces Acquisition of TCI Coatings
Fenix Group (“Fenix”) recently announced it has acquired substantially all the business assets of TCI Coatings (“TCI”) of Lubbock, Texas. TCI is a leader of specialty and high-performance coatings for industrial applications, serving Texas and surrounding states.
Fenix brands have been industry leaders for over 60 years in specialty high-performance coatings and concrete and decorative solutions for real-world challenges. The company has been focused on strategically acquiring premier brands to expand its manufacturing, sales, and also its distribution footprint.
CEO, Ray Torres, stated “TCI fits our strategic objective of acquiring strong brands, offering premium quality products, in areas where we are either not currently represented or are under-represented. TCI allows us to expand our manufacturing and warehousing footprint in a region we consider very attractive. It also augments our already strong product portfolio for the Industrial market and OEMs. We are extremely excited about TCI joining the Fenix family of brands.”
About TCI Coatings
Charles Horton founded TCI Coatings (www.tci-coatings.com) in 1959. It has its headquarter in Lubbock, Texas. TCI has historically supported its customer partners through unparalleled quality, service, and innovation.
Kathleen Tims, President of CCI said, “We have been in discussions with Fenix for some time now and believe we found the right partner for TCI. Our core values are very similar. This gives us great comfort for the ultimate benefit of our valued employees, customers, and also vendors. We look forward to supporting Fenix through the transition and also the next growth phase in Lubbock.”
Bob Madura, VP of Sales for Fenix’s Industrial Group said, “A partnership with TCI allows us to fill several product and geographic gaps. It does this while also adding much needed capacity to support our growth initiatives with a strong, recognized and respected brand in Texas and the surrounding states.”.
TCI’s attention to quality control, technical expertise, and also onsite customer support has made them a recognized brand in both the South and Southwest region. In adding the TCI brand, Fenix Group now has six power brands within its portfolio. These brands include Sierra Performance Coatings, TK Products, SureCrete Design, Concrete Coatings, Burke Industrial Coatings, and now TCI Coatings.
About TK Products
TK Products (www.tkproducts.com) has been a leader in construction and concrete coating systems, with innovative air barrier and waterproofing systems. Both SureCrete Design and Concrete Coatings are leaders in the decorative and specialty concrete market segment (www.surecretedesign.com), (www.concretecoatingsinc.com). Sierra Performance Coatings (www.sierrapaint.com) and Burke Industrial Coatings (www.burkeindustrialcoatings.com) own proprietary, highly customized, leading edge technology for industrial coatings, OEMs and MROs. TCI is a great complement for the industrial coatings markets as a supplier of premium, high quality products.
For more information, please contact Ray Torres, CEO (firstname.lastname@example.org; 1-952-938-7223). You can also contact Bob Madura, VP of Sales (email@example.com) at 952-641-0730.