US paints and coatings group PPG has reached a definitive agreement to sell 100% of its architectural coatings business in the US and Canada to investor American Industrial Partners (AIP) for $550 million.
US paints and coatingsmaker PPG has agreed to sell its silicas products business for abou $310 million to Warsaw, Poland-based Qemetica, a manufacturer of soda ash, silicates and other specialty chemicals. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions.
US paints and coatings group PPG has divested all Traffic Solutions operations in Australia and New Zealand to Geveko Markings, a pavement markings specialist headquartered in Sweden. Financial terms of the agreement were not disclosed.
PPG has completed an expansion of its powder coatings plant in Sumaré, Brazil. The $2.7 million project increased the production capacity of the facility by 40%. The unit is expected to reach full capacity this month.
PPG has announced plans to spend $44 million on upgrading five of its powder coatings plants in the US, Mexico and Brazil, to meet growing customer demand for more sustainable products. All the projects are scheduled to be finished by the fourth quarter of this year.
PPG has announced separate projects in Mexico and the US to expand capacity for powder coatings and adhesives and sealants respectively.
US paintmaker PPG has agreed to sell certain business activities in Senegal, Ivory Coast, Cameroon, Gabon and Algeria, to French industrial group Océinde. Financial terms were not disclosed.
US paints and coatings group PPG has entered into an agreement to buy the powder coatings business of Italian company Arsonsisi, boosting its offering in Europe, the Middle East and Africa. Arsonsisi’s powder coating sales reached about $15 million last year.
US paints and coatings group PPG has announced plans to invest more than $10 million to expand production of OEM coatings at its site in Weingarten, Germany. An addition to its existing facility will be able to produce more than 5,000 t/y of waterborne basecoats when it goes on stream in the second quarter of 2022.
US paints and coatings company PPG has announced plans to expand its coatings capacity in Europe for packaging applications. The projects in the Netherlands and Poland will support growing customer demand for latest-generation coatings for aluminum and steel cans used to package beverage, food and personal care products.
AkzoNobel has conceded defeat in its bid to buy Tikkurila, leaving the way clear for US rival PPG Industries to continue with its acquisition of the Finnish paints and coatings company.
Dutch paints and coatings specialist AkzoNobel has offered to buy Finland’s Tikkurila as it moves to top a bid by rival US firm PPG Industries.
PPG Industries has increased its offer for Tikkurila to €1.24 billion, or €27.75 per share, following the receipt of a rival bid for the Finnish paints company by an unnamed party. The transaction is expected to close this quarter, subject to the usual conditions. Financial terms were not disclosed.
PPG has entered into an agreement to buy Finnish paints company Tikkurila. The US paints and coatings group has offered €25 per share, equal to a transaction value of about €1.1 billion. The deal is expected to close in the second quarter of 2021, subject to the usual conditions.
US paints group PPG Industries has agreed to buy Ennis-Flint, a manufacturer of specialized coatings for traffic safety solutions, for about $1.15 billion from private equity owner Olympus Partners. The deal is expected to close within the next few months, subject to the usual conditions.
