FOR IMMEDIATE RELEASE Contact:
Rick Miller 317-467-6416
Roll Coater to Enhance
Kingsbury, IN and Greenfield, IN Operations
Indianapolis, IN. May 3, 2006 – Roll Coater, Inc., the
premier, full service coil coater in the United States and a member company of
Willis Stein and Partners of Chicago, Illinois, today announced plans to
enhance their coil coating operations and production output at both their
Greenfield, IN and Kingsbury, IN facilities.
The enhancements will occur through the installation of state of the art
tension levelers on their 48” and 72” coil coating lines, respectively. Roll Coater, which is headquartered in
Indianapolis, Indiana, stated that the installations are underway and will be
fully operational in 2006.
Bob
O’Neal, President and Chief Executive Officer of Roll Coater, stated, “The
addition of tension levelers to Lines 2 and 5 provides Roll Coater
unprecedented capability in the domestic coil coating market. At both our Greenfield and Kingsbury
facilities, our company possesses the most productive coating lines in the
industry. By coupling the option of tension
leveling to both our 48” and 72” width capability, we further enhance our
leading position in the industry by offering our customers toll processing
services that improve their product yields, quality, and material consistency
for subsequent processing at their facilities.” As the industry leader, Roll Coater continues to make sizable
investments of capital in their business and the coil coating industry. O’Neal continued, “The investment of nearly $5 million dollars is critical to
meeting our customer’s ever-increasing quality requirements and keeps our
capabilities at the forefront of the global pre-painted steel market.”
With
the addition of the tension levelers to both Line 2 and Line 5, Roll Coater is
now fully capable of offering tension leveling services on each of the six
coating lines that it operates.
Roll Coater is a leading provider of pre-fabrication coil
coating services to steel mills, metal service centers, and OEM’s. Roll Coater applies paint and other
treatments to steel and aluminum coils on automated high-speed coil coating
lines, allowing customers to eliminate inefficient and expensive in-house
painting operations, improve quality control and reduce chemical emissions. The
Company operates six coil-coating lines at four state of the art facilities in
Indiana, Kentucky and West Virginia.
Roll Coater maintains a diverse blue chip customer base and has leading
positions in attractive markets, including automotive, appliance, construction,
doors, lighting, HVAC and consumer products.
Willis Stein & Partners is a leading private equity firm
that focuses on investments in profitable, well managed and growing businesses.
The principals of Willis Stein have made investments in 47 companies and manage
approximately $3 billion in equity capital. Please visit the firm’s website at http://www.willisstein.com for
more information.
<< Note: This press release
includes forward-looking statements that are subject to risks and
uncertainties. A number of factors, including political, currency, credit,
regulatory and competitive and technological developments, could result in
material differences between actual results and those outlined in any forward
looking statements. >>
Source: Roll Coater, Inc.
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