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New Owners at Reitech Corporation

By: Catherine Diamon

Stephen Holtzman and Dr. Prakash Pradhan (SPAC LLC) recently purchased Reitech Corporation, a manufacturer of waterbase dispersions for coatings, inks and allied industries located in Reading, PA.

Mr. Holtzman said, “Reitech has always had a reputation of putting the customer first by providing solutions, flexibility and consistent quality at a fair price.  We are looking to build on this foundation and extremely excited at the opportunity to take Reitech to the next level.”

Both have considerable experience in the pigment dispersion business. Dr. Pradhan has held key technical and management positions at Color Corporation of America (subsidiary of Valspar), Evonik (now Chromaflo), and, most recently, CPS Color (now Chromaflo), where he was the global head of R & D. Mr. Holtzman career  has focused more on the commercial-side with several senior level management and marketing positions at Evonik’s  colorant business including General Manager of the Americas.

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