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Chase Buying Concoat

The deal comes with a $9 million price tag.
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Chase

(CCF) - Get Chase Corporation Report

bought Concoat Holdings of England for $9 million.

Bridgewater, Mass.-based Chase said the acquisition of Concoat, based in Camberley, Surrey, doesn't include the equipment portion of the Concoat business known as Concoat Systems, which was spun off separately.

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Concoat has been an agent, distributor and manufacturing licensee of Chase's HumiSeal product line for nearly 25 years. This acquisition will strengthen the HumiSeal/Concoat conformal coatings business and serves as a foundation for Chase in Europe, the company said.

Early Monday, Chase was flat at $14.49.