PPG completes acquisition of New York-based industrial coatings company Spraylat for undisclosed sum; purchase furthers PPG's industrial coatings business for liquid, powder coatings, company says; Spraylat had sales of US$125M in 2011
Andrew Rogers
PITTSBURGH
,
December 19, 2012
(press release)
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PPG Industries (NYSE:PPG) today announced that it has completed its previously announced acquisition of certain assets of Spraylat Corp., a privately-owned industrial coatings company based in Pelham, N.Y. Financial terms were not disclosed.
The acquisition furthers the capabilities of PPG’s industrial coatings business for both liquid and powder coatings. Spraylat coatings products are used in industrial markets such as automotive parts, architectural powder coatings, transportation, and general industrial niches such as electronic device, metal office furniture and storage, and sign coatings. The company had annual sales of approximately $125 million in 2011.
PPG: BRINGING INNOVATION TO THE SURFACE.(TM)
PPG Industries' vision is to continue to be the world’s leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in more than 60 countries around the world. Sales in 2011 were $14.9 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit www.ppg.com.
Bringing innovation to the surface is a trademark of PPG Industries Ohio, Inc.
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