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Chase Buying Concoat

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

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.