Sangetsu Corp. has acquired Koroseal Interior Products Holdings Inc. from Peak Rock Capital. The acquisition expands the buyer’s presence in the U.S. market. Sangetsu is a Nagoya, Japan-based seller of wall coverings, curtains and upholstery.
Koroseal, headquartered in Fairlawn Ohio, produces wood and textile wall coverings along with dry erase boards for the hospitality, healthcare and retail sectors. Peak Rock acquired the target in 2014 when it purchased RJF International Corp.’s interior products division. Peak Rock and Koroseal say the sale to Sangetsu positions the target for its phase of growth.