PPG Industries said Thursday that it and its subsidiary, PPG Colombia, have entered into an agreement to purchase the coatings businesses of Colpisa Colombiana de Pinturas, a privately-owned Colombian coatings company, and its affiliates, including Colpisa Ecuador.
Financial terms of the deal were not disclosed. The deal is expected to close no later than the end of the first quarter 2012.
BASF sells a majority stake in its coatings business to the investor Carlyle.
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.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
