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Article: 2007 M&A review.
- Article from:
- Coatings World
- Article date:
- March 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Rodman Publishing. 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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Last year was a good year for merger/acquisition activity in the paint industry with approximately two-dozen paint transactions in the U.S. alone. The size of these transactions ranged from million dollar small management buyouts to multi-billion dollar investments by industry leaders. Heading the list of acquirers was PPG, Sherwin-Williams and Akzo Nobel.
PPG's 2007 acquisition efforts included offers to purchase SigmaKalon and Barloworld, as well as the acquisition of Champion Coatings. The Champion purchase fit in with PPG's goal to increase market share in transportation coatings where PPG has great strength. Having worked on this deal our observation is that ...