Industry News, Mergers and Acquisitions, Suppliers News

CATHAY Completes Acquisition of Hoover Color

Charles Hoover has joined the executive team at CATHAY Industries.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CATHAY Industries has announced the successful completion of the Hoover Color Corporation acquisition. Terence Yu, CATHAY Industries global chief executive, announced the closing of the deal, following normal regulatory approvals. “The acquisition reinforces CATHAY’s global commitment and sustainable position as a leading manufacturer of performance pigments with a unique and diverse offering for the paints and coatings industries,” said Yu. “I want to thank Charles Hoover, president of...

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