Signet Enterprises Launches Creative Polymer Solutions, Manufacturer of Protective Coatings and Corrosion Control Products
Akron, Ohio – Signet Enterprises announces the commencement of operations for Creative Polymer Solutions (CPS) in Irondale, Alabama. The new company, an innovator in the field of polymer technology for protective and structural coatings for municipal, industrial and commercial sectors, will co-locate in a state-of-the-art polymer blending facility with another Signet portfolio company, Sprayroq, Inc.
CPS will specialize in the development and blending of polyurethane and polyurea products intended for corrosion prevention and the rehabilitation of heavily corroded surfaces, predominantly concrete and various metals. The company will supply well- established protective coatings used in a variety of municipal and industrial applications.
“We are extremely excited about the formation of CPS, and its ability to support Sprayroq and other independent coating firms and manufacturing facilities located throughout the southeast,” says Anthony Manna, Signet founder and chairman. “One of Signet’s principal business philosophies is to promote creativity within each portfolio company, and to encourage a total solution approach to customer satisfaction. It’s well known that the economy suffers from the effects of infrastructure corrosion, so we anticipate that with the advent of CPS, we will be able to increase our reach in becoming part of the total solution to that significant problem.”
Signet Enterprises has decades of experience in acquiring and forming new businesses, and their experience in the infrastructure service and manufacturing markets dates back fifteen years, with the acquisition of Sprayroq.
“We originally acquired Sprayroq in 2001, largely due to the opportunity to expand its product offerings and the markets they serve,” says Mark Corr, Signet’s president and COO. “We have successfully expanded our North American footprint and entered several international markets with our coating products.
This is an opportune time to improve ourcontrol over the manufacturing process. As a result of forming CPS and adding engineering chemistry, and manufacturing resources, we will be in a better position to serve our customers’ needs by creating formulations that encounter unique environmental conditions. We take pride in supporting innovation and new product development throughout the organization. The formation of CPS will greatly enhance our ability to follow through on this strategy.”
It’s expected that corrosion will cost the U.S. economy over $1.1 trillion in 2016, according to a study conducted by G2MT laboratories. CPS, which already has several clients secured in Asian markets, provides blending capabilities for many segments affected by corrosion. These include cured-in-place pipe (CIPP) for the gas, electric and communications industries, as well as for boat/maritime applications.
Jerry Gordon, president of CPS, sees major growth potential from the staggering need worldwide for infrastructure service applications. “We saw an opportunity to spread our wings and grow as a company, and to offer unique solutions to customers regionally, and globally. With the foundation of CPS, we can better create new and unique solutions to better serve our customers in a variety of markets. The addition of a state-of-the-art laboratory will enable our technical staff to work directly with our customers enhances quality, while increasing capacity and the capability to service a growing need in the marketplace.”
As an affiliated entity of Signet Enterprises, CPS will rely on Signet’s experience in developing vertical integration opportunities. “It starts with a customer-first philosophy,” Gordon explains. “We work with our clients collaboratively throughout the process, from development to design to usage. From that collaboration comes innovation, trust, quality control and operational reliability.”
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About Creative Polymer Solutions
Creative Polymer Solutions is an innovator in the field of polymer technology for corrosion control and structural rehabilitation in commercial and in public sectors. With a focus on providing creative, cutting-edge solutions for challenging applications, CPS is fully invested in each client’s unique needs, from development and design to initial usage.
About Signet Enterprises
Signet Enterprises, a global private investment firm, unites an entrepreneurial vision with the experience to turn opportunities into realities. With decades of experience, its principals provide highly specialized knowledge and expertise in distinct disciplines, including real estate development, international initiatives, and mergers and acquisitions. Learn more at signet-enterprises.com.
