02.04.2015 • News

PPG Buys Automotive Materials Supplier Revocoat

US-based PPG Industries has completed the acquisition of Revocoat from the Axson Group. Financial details were not disclosed.

Headquartered in France, Revocoat is a global supplier of sealants, adhesives and damper products for the automotive industry. It employs more than 500 people and operates eight manufacturing facilities and one R&D center.

"The addition of Revocoat to our automotive coatings business strengthens PPG's global automotive adhesive and sealants product and technology offerings, enabling us to better serve our automotive customers around the world," said Cindy Niekamp, PPG's senior vice president, automotive original equipment manufacturer (OEM) coatings.

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VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.