Article: PPG to acquire Ameron coatings business.(INDUSTRY & COMPANY NEWS)

PPG Industries has reached an agreement to acquire the Performance Coatings and Finishes business of Ameron International Corp., Pasadena, Calif., for a purchase price of US$115 million plus working capital adjustment. The business operates manufacturing sites in the U.S., Europe, Australia and New Zealand, in addition to warehouses and offices around the world, some of which would remain with Ameron after the sale. The agreement also includes Ameron's 40% ownership in Oasis-Ameron, Ltd., located in Saudi Arabia, subject to the majority shareholders' approval.

PPG has also acquired the ...

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