European Division Plastal Expands Technology
SOUTHLAKE, Texas; WINDSOR, Ontario; and GOTHENBURG, Sweden – April 25, 2018 – Insight Equity Holdings LLC (“Insight Equity”), the Southlake, Texas headquartered private equity firm, is pleased to announce that Plastal Industri, the European division of Insight Equity’s portfolio company the Plasman Group, has acquired the intellectual property and assets of ARWI High-Tech Coating Raufoss AS.
ARWI is known for delivering its proprietary Physical Vapor Deposition (“PVD”) technology as a compelling alternative to traditional chrome-6 plating for both automotive and non-automotive OEMs. This new technology fits well in Plasman’s portfolio of painted exterior plastics parts and the acquisition builds on years of collaboration between Plastal and ARWI.
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