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Article: PPG deals expand coatings business.(INDUSTRY NEWS)
- Article from:
- Products Finishing
- Article date:
- August 1, 2006
CopyrightCOPYRIGHT 2006 Gardner Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...