PPG Industries has agreed to acquire The Crown Group (Warren, Michigan), a maker of component and product finishers in North America.
Terms of the transaction, which is expected close during the third quarter, have not been disclosed. Crown has sales of $125–$150 million/year, according to PPG chairman and CEO Michael McGarry.
Crown operates 11 facilities in the United States. It caters to different industries such as automotive, agriculture, construction, truck, and alternative energy. The deal will expand PPG’s application capabilities in original equipment manufacturer (OEM) coatings, according to Victor Sekmakas, executive vice president at PPG.
By Vincent Valk
Source: Chemical Week
We are closing the chapter of the Chemicals Import Export Headquarters, and opening a new chapter under the name of Qemetica – a chemical group driving many industries on all continents. Therefore, the change of name is also accompanied by the adoption of the key goals of the business strategy for the next 6 years. – says Kamil Majczak, President of the Management Board.
In its efforts to advance chemical recycling, Neste has successfully conducted its first processing trial run with a new challenging raw material, liquefied discarded tires. In the processing run, Neste produced high-quality raw material for new plastics and chemicals.
Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.
