Corrosion Innovations (Houston, Texas, USA), a leading global industry corrosion prevention solutions provider, announced its successful acquisition of HoldTight, a distinguished specialty chemical company. This strategic move signifies a key milestone in Corrosion Innovations’ mission to revolutionize the corrosion control industry and reinforce its commitment to delivering cutting-edge solutions worldwide.
“HoldTight, a vital player in the industrial coatings sector for over three decades, has been a strategic target from the start,” says Marlin Lester, CEO of Corrosion Innovations. “Our team is eager to integrate HoldTight’s widely-used products, HoldTight 102 and 365, into our leading business, offering a synergistic approach to soluble salt removal and testing.”
Established by Peter Petkas in 1998, HoldTight has a strong track record in developing surface preparation products for flash rush prevention. Focused on enhancing coating adhesion by removing salts and contaminants, HoldTight has earned trust in industries like maritime, oil and gas, and construction.
Petkas expressed confidence in Corrosion Innovations as the ideal custodian for HoldTight’s future. “Their commitment to innovation aligns with the values that define HoldTight,” Petkas says.
Known for its Corr-Ze and CHLOR*RID product lines, Corrosion Innovations has consistently led the corrosion prevention sector. This acquisition positions the company as a comprehensive solutions provider, combining the strengths of both companies to deliver unparalleled value in the corrosion prevention industry.
“This acquisition further strengthens our global footprint as the leader in the industry, providing comprehensive solutions for corrosion prevention, consultation, and improved asset integrity,” says Gregg Taney, president of Corrosion Innovations.
Kenneth Rossy, a long-term HoldTight employee, will join Corrosion Innovations in a key role, overseeing the HoldTight brand as division vice president.
“This move reinforces our dedication to delivering high-quality corrosion prevention solutions globally,” says Rossy.
Source: GlobeNewswire, www.globenewswire.com.