Graham Partners Inc. is buying Line-X Franchise Development Corp. of Santa Ana, Calif.
Line-X makes a polyurethane/polyurea hybrid used as a spray-on truck-bed lining. Line-X Chief Executive Officer Scott Jewett said Graham has resources Line-X needs to grow. Graham spokesman Joe May added: ``We invest in businesses that are benefiting from a fundamental shift. There has been a conversion from drop-in bed liners to spray-on bed liners.''
Terms of the deal were not disclosed. Graham announced the buy Aug. 22.
Graham, in Newtown Square, also owns Nailite International Inc. of Miami, Supreme Corq Inc. of Kent, Wash., and National Diversified Sales Inc. of Woodland Hills, Calif.