June (2015)
PPG Protective and Marine Coatings: to acquire IVC Industrial Coatings Link...
PITTSBURGH, June 11, 2015 – PPG Industries (NYSE:PPG) announced today that it has reached a definitive agreement to acquire IVC Industrial Coatings, Inc., a U.S.-based specialty powder and liquid coatings manufacturer with 2014 sales of more than $100 million. The transaction is expected to close in the third quarter, subject to customary closing conditions. Financial terms were not disclosed.
IVC is a privately owned company founded in 1870 as the Indianapolis Varnish Company. The company, based in Brazil, Indiana, focuses on the development, manufacture and sale of powder and liquid coatings for the general industrial segment. Its industry-leading coatings are used on a wide variety of products such as metal office furniture, material handling and storage products, automotive parts, motorcycles, industrial containers, small appliances and electronics such as printers, servers and audio-visual equipment. IVC employs more than 300 people and operates five plants in the U.S. (two in Brazil, Indiana, and one each in Grand Haven, Michigan; Atlanta, Georgia; and Casa Grande, Arizona), one plant in Guangdong, China, and a small development lab in Manchester, England. The company also has operations in Malaysia through a joint venture.
PPG Protective and Marine Coatings: To acquire specialty coatings and materials manufacturer Cuming Microwave Link...
PITTSBURGH, June 3, 2015 – PPG Industries (NYSE:PPG) announced today that it has reached a definitive agreement to acquire Cuming Microwave Corporation based in Avon, Massachusetts, and its wholly-owned subsidiary Cuming-Lehman Chambers, Inc., based in Chambersburg, Pennsylvania. The transaction is expected to close in the third quarter, subject to customary closing conditions. Financial terms were not disclosed.
Cuming Microwave is a global supplier of specialty coatings and materials that absorb microwaves and radio waves, such as radar. The company’s products are used in military aircraft and have applications in end-uses such as electronics, telecommunications, medical and automotive. The company employs about 160 people, operates three manufacturing facilities in Avon and maintains an office in Chambersburg.
April (2015)
PPG Protective and Marine Coatings: Completes acquisition of automotive specialty materials manufacturer REVOCOAT Link...
PITTSBURGH, April 1, 2015 – PPG Industries (NYSE:PPG) today announced that it has completed the acquisition of REVOCOAT, a global supplier of sealants, adhesives and damper products for the automotive industry, from the AXSON Group. Financial terms were not disclosed.
REVOCOAT, headquartered in France, is a world leader in automotive adhesives and sealants and offers a range of automotive assembly products such as complementary epoxy-based products, polyurethanes and water-based emulsions. REVOCOAT employs more than 500 people and operates eight manufacturing facilities and one research and development center.
March (2015)
PPG Protective and Marine Coatings: Completion of $40 million expansion at Brazil facility Link...
PITTSBURGH, March 19, 2015 – PPG Industries (NYSE:PPG) today held a ceremony to mark the completion of a $40 million, 65,000-square-foot plant for on-site resin production at its Sumaré, São Paulo, Brazil, coatings manufacturing facility.
Resin produced at the facility will be used to manufacture PPG’s electrocoat products to meet growing demand from automotive original equipment manufacturers (OEMs) and industrial coatings customers in the region.
November (2014)
PPG Protective and Marine Coatings: Completes acquisition of Comex Link...
PITTSBURGH, Nov. 5, 2014 – PPG Industries (NYSE:PPG) today announced that it has finalized the acquisition of Consorcio Comex, S.A. de C.V. (“Comex”), an architectural coatings company with headquarters in Mexico City, in a transaction valued at $2.3 billion.
Comex manufactures coatings and related products in Mexico and sells them in Mexico and Central America through more than 3,700 stores that are independently owned and operated by more than 700 concessionaires. Comex also sells its products through regional retailers and wholesalers, and directly to customers. The company has approximately 3,900 employees, eight manufacturing facilities and six distribution centers, and it had sales of approximately $1 billion in 2013. Comex was founded in 1952.
July (2014)
PPG Protective and Marine Coatings: Completes acquisition of specialty coatings supplier The Homax Group from Olympus Partners Link...
PITTSBURGH, July 2, 2014 – PPG Industries (NYSE:PPG) today announced that its North American architectural coatings business has completed its acquisition of The Homax Group, Inc., a supplier of decorative wall and ceiling texture repair products, from Olympus Partners. Financial terms were not disclosed.
Homax is the industry’s leading supplier of decorative aerosol drywall and ceiling texturing applications utilized primarily for home repair. In addition, it supplies various epoxy finishes, patching, caulking and mesh tape repair products, and other painting tools and accessories. The company’s products are sold through major home improvement centers, hardware stores and paint suppliers.
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