Grow Group Announces Merger Of Devoe Prufcoat And Napko Corporation

Grow Group, Inc. has announced the merger of its Devoe Prufcoat Division and Napko Corporation, effective February 1, 1986. The merged entity is Devoe Napko Protective Coatings, a Division of Grow Group. Napko was acquired by Grow Group, Inc. from The O'Brien Corporation on May 3, 1985.

Commenting on the merger, Russel Banks, president and chief executive officer of Grow Group, Inc.

stated: "This merger will allow for a highly efficient operation for the manufacture of high-performance, advanced technology paints and coatings directed at the petroleum, chemical, power generation, offshore and heavy-duty industrial market segments." According to Joseph M. Quinn, Group vice president responsible for Devoe Napko Protective Coatings: "We are especially excited about the opportunities presented by this merger, particularly the introduction of Grow's technology into the existing Napko marketing channels." Corporate offices for Devoe Napko Protective Coatings will be located in Houston, Texas, and Baton Rouge, La., sales and service personnel are located strategically throughout the United States. Devoe Napko Protective Coatings will also be served by an international licensee network.

Lou Vincent, vice president and general manager of Devoe Napko Protective Coatings, will be located in Houston and can be contacted at 1-800-231-6415. Andy House, vice president of marketing, will continue to be located in Baton Rouge at 1-800-535-8076.

Grow Group, Inc. is one of the nation's largest producers of specialty chemical coatings and paints, with subsidiaries located around the world.

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