Hero

News Release


HERO Products Group announces global expansion
February 27, 2007

Vancouver, B.C. - Press Release

 

HERO Products India Pvt. Ltd.
HERO Products Group is pleased to announce the acquisition of ECS Color Systems and ECS Color Solutions, “ECS” of Mumbai India. ECS is a 7-year-old producer of dispensing and mixing devices for the decorative and automotive coatings industry. ECS was founded by Mr. Nevil Oswald. Mr. Oswald was the MD for a leading producer of automated dispensing machines for the last 2 of his 10 years in the paint equipment industry.  This acquisition gives HERO a base for the economic production, development and distribution of its range of mixing and dispensing machines for global distribution. Mr. Oswald will be a partner in I.C.T.C. Holdings Corporation and will remain as MD for HERO’s Indian division, responsible for the whole of Asia.   www.ecscolor.com
 
HERO Europe S.r.l.
HERO Products Group announces that it has entered into a Letter of Intent to acquire NIT s.r.l., of Turin Italy. NIT is a 6 year young manufacturer of unique and technologically advantaged automated dispensing and mixing devices for the architectural coatings industry. Furthermore, NIT holds certain worldwide patents on a variety of specialized methodology relating to dispensing of coatings and colourants. NIT was founded my Mr. Alessandro Sacchet, a very talented Industrial Engineer, who will remain responsible for HERO’s European operations and will become a partner in I.C.T.C. Holdings Corporation and head of technology in support of HERO’s global strategy. NIT has successfully engineered dispensing machines for point of sale that have proven to provide accuracy and repeatability better than other known devices. NIT have a wide range of equipment that span economical point of sale machines, through high output in-store dispensing machines, to in-plant dosing machines currently used by some of the world’s largest paint manufacturers. www.ni-tech.it
 
HERO China
As a compliment to HERO’s global strategic planning, HERO Products is pleased to announce that it has entered into a Heads of Agreement with a Chinese equipment manufacturer in the form of a Joint Venture. The agreement will provide HERO with a presence in China that will both serve as an economical provider of certain components for global product consumption, as well as an Asian base for the local production and distribution of dispensing, mixing and spraying products for the rapidly expanding Chinese paint market. HERO will be the first North American airless paint sprayer manufacturer to produce professional grade airless paint sprayers in China, giving HERO further penetration into the paint and coatings industry in Asia.
 
About HERO
HERO is a 39-year-old light assembly manufacturer of retail focused paint equipment products head quartered in Vancouver, BC Canada and currently distributing its products into approximately 60 countries. HERO produces and distributes; manual and automatic colourant dispensers, paint mixers and shakers, airless paint sprayers, and cold water commercial pressure washers. HERO's colourant dispensers and paint shakers are used primarily by retail paint outlets for colouring and mixing paint. The airless paint sprayers and pressure washers are used primarily by professional paint contractors or "do it yourself" and rental customers, for surface preparation and coatings application.  HERO’s customer base includes; big box stores, large corporate paint chains, local paint stores, paint manufacturers and distributors, equipment rental companies and large painting contractors.
 
For further information, please contact:
Steve Balmer
President and COO
Napier Environmental Technologies Inc.
Corporate Headquarters
720 Eaton Way,
Delta, B.C. Canada. V3M 6J9.
604-522-6543 Fax 604-522-8735
sbalmer@hero.ca

 

HERO an I.C.T.C. company

HERO Products Group
India Office and Factory

HERO Products India Pvt.Ltd.
 P1 & P2, Shree Rajlaxmi Hi-Tech Textile Park,
Sonale Village, Taluka Bhiwandi,
Dist Thane - 421 302, Maharashtra, INDIA
Visit us: www.hero.ca