Detroit-based Huron Capital Partners has formed a partnership with an industry veteran in the specialty chemicals industry, to launch a new company in the coatings sector.
Through Valentus Specialty Chemicals, Huron Capital plans to invest in regional specialty coatings producers to build a company with technically advanced and environmentally friendly reactive coating solutions serving a variety of end markets across the country.
Chlodney, the former president and COO of Spraylat Corp., has held executive roles at PPG Industries, Lily Industries, Bayer Corp., and Benjamin Moore Paints.
“We are excited to partner with a proven operator in Ray Chlodney,” says Jim Mahoney, a partner at Huron Capital. “The specialty coatings market is highly fragmented, and we expect Ray’s expertise and connections within the industry will be instrumental in identifying, investing in, and growing businesses with market-leading technologies.”
“The specialty coatings market is a perfect fit for our strategy, with a large number of private, family-owned businesses that could benefit from additional capital and operational expertise,” Chlodney says.