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
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