SWM (NYSE: SWM) is buying Wind Point Partners-backed coatings business Argotec LLC for $280 million, adding to deal activity in the sector.

Argotec, headquartered in Greenfield, Massachusetts, produces highly-engineered urethane films for surface protection, glass lamination and medical products. The business has about $115 million in annual revenue and Ebitda margins near 20 percent, according to the company.

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