Article: PPG deals expand coatings business.(INDUSTRY NEWS)

PPG Industries Inc. expects to increase its annual coatings revenue by $400 million by acquiring a California firm's worldwide performance coatings and finishing businesses and buying out its partners in a South Korean venture.

Pittsburgh-based PPG said it expects to finalize its agreement to buy the worldwide performance coatings and finishing business of Ameron International Corp. of Pasadena for $155 million, plus unspecified working capital adjustments. The deal, pending regulatory reviews in Europe, is expected to be completed within sometime in August 2006.

Ameron has manufacturing sites in the United States, Europe, Australia and New Zealand, plus ...

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