Safway Group Acquires North American Coatings
Including CL Coatings, Industrial
Coatings & Fireproofing, and SEI Coatings
WAUKESHA, Wis. – October 1, 2012 – In a move to further strengthen its
position as a multi-service industrial services provider offering scaffolding, insulation and painting (SIP), Safway
Group is announcing the acquisition of North American Coatings (NAC) and its family of companies – including
Coatings, Industrial Coatings & Fireproofing (ICF) and SEI Coatings – which specialize in the application of
high-performance coatings throughout the petrochemical, pharmaceutical, power, refining, marine, manufacturing,
transportation and commercial construction industries.
“Acquiring an outstanding, national industrial painting and
coatings company such as NAC and its family of companies is part of our overall multi-service strategy,” explained Bill
Hayes, Safway Group president and CEO. “Many of our customers would prefer to work with companies that offer
scaffolding, insulation and painting, rather than contract separately for these services. With the NAC family of
companies, Safway adds unmatched depth, experience and expertise in painting, coating and fireproofing, to its
insulation services and access solutions. We believe this will provide our customers with increased efficiency, savings
and a higher degree of performance.”
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Trust and Respect
The philosophical cornerstone of North American Coatings culture.
Customer Savings First
Customer Savings are the First Priority.
Sharing the Benefits
Sharing the benefits of success with customers and employees will perpetuate the
North American Coatings employees interface with customer employees at
Win/Win Business Relationships
“Win/Win” business relationships increase potential achievements. The “them vs.
us” way of doing business is not productive.
Long Term Relationships
Long term relationships are best achieved by reducing cost and increasing
values to customers.
Risk/Reward sharing with customers improves the effectiveness of the alliance.