ICAFe to acquire Illinois firm

Waukesha coating systems and coating product solutions distributor ICAFe Inc. has agreed to acquire Dove Equipment of East Peoria, Ill.

Dove distributes coating application equipment and offers systems integration. It has six other Midwestern locations, including a facility in Milwaukee. There is also a Dove Mexico headquarters in Monterrey and locations in Puebla and Guadalajara, Mexico.

ICAFe distributes equipment and products used for pretreatment, coating and finish processing products. It specializes in the design, engineering, building and installation of turnkey systems for the paint, surface plating and coating industries. ICAFe has grown through strategic acquisitions. It acquired RPM Industries in 2001, O’Donohue Industries Inc. in 2006 and Production Concepts Inc. in 2008.

The combined companies will be one of the largest industrial finishing systems distributors in the industry. The Dove Employee Stock Ownership Plan participants have approved the transaction.

Dove will remain in its current locations, and its operations will retain the Dove name.

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