Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns run through PPG's acquisitions — what it looks for, how it pays, and how it folds in what it buys.
37 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.
SigmaKalon Group, a worldwide coatings producer based in Uithoorn, the Netherlands, acquired from global private investment firm Bain Capital. The business substantially expanded PPG's European architectural coatings footprint and added industrial and protective & marine coatings lines. approximately EUR 2.2 billion (including assumed debt).
The SigmaKalon business has performed well financially and would be a strong complement to our existing coatings businesses. It would give us an excellent footprint in the European architectural coatings segment, where today we have a very nominal participation. This acquisition would give us a more balanced coatings business in Europe, approximately doubling our European sales, and expand our global coatings portfolio by more than 40 percent.Charles E. Bunch — Chairman and CEO, PPG Industries
The North American architectural (decorative paints) coatings business of Akzo Nobel N.V., Amsterdam. The deal more than doubled PPG's North American architectural coatings presence and extended its reach across all three major North American architectural distribution channels - home centers, independent paint dealers and company-owned paint stores - expanding the company-owned store network to approximately 1,000 locations.
This acquisition continues the accelerated pace of our business portfolio transformation through further expansion of our coatings businesses. It is also an attractive way to significantly increase our scale in the North American architectural paint market, which we anticipate will benefit from a prolonged construction market recovery.Charles E. Bunch — Chairman and CEO, PPG Industries
Consorcio Comex, S.A. de C.V. and its related companies, an architectural coatings company headquartered in Mexico City. Comex manufactures coatings and related products in Mexico and sells them in Mexico and Central America principally through more than 3,700 independently owned and operated concessionaire stores. The deal added a leading architectural coatings business in Mexico and Central America - PPG's second-largest acquisition at the time. $2.3 billion (announced); $1.98 billion net of cash acquired (at close).
We are pleased to have successfully completed this acquisition, the second-largest in our company's history, as it adds a leading architectural coatings business in Mexico and Central America to our portfolio.Charles E. Bunch — Chairman and CEO, PPG Industries
Deft Incorporated, a privately-owned U.S.-based specialty coatings company; the acquisition enhanced the coatings capabilities of PPG's aerospace and industrial businesses. approximately $25 million.
In May 2013, the Company completed the acquisition of certain assets of Deft Incorporated, a privately-owned U.S. based specialty coatings company, for approximately $25 million.PPG FY13 10-K — Acquisitions and Dispositions note
Spraylat Corp., a privately-owned U.S.-based industrial coatings company based in Pelham, N.Y., with production facilities in the U.S., Europe and Asia. approximately $75 million.
In December 2012, the Company completed the acquisition of the business of Spraylat Corp., a privately-owned U.S. based industrial coatings company, for approximately $75 million.PPG FY13 10-K — Acquisitions and Dispositions note
Colpisa, a Colombian producer of automotive original equipment manufacturer (OEM) coatings; previously announced acquisition completed in January 2012.
In January 2012, the Company completed the previously announced acquisitions of Colpisa, a Colombian producer of automotive [OEM coatings].PPG FY13 10-K — Acquisitions and Dispositions note
A majority interest in the automotive and aerospace sealants and adhesives business of Le Joint Francais SNC, a France-based specialty sealants and adhesives manufacturer serving the aerospace, automotive and insulating glass industries; the new joint venture is Sealants Europe SAS.
On October 1, 2015, PPG acquired a majority interest in the automotive and aerospace sealants and adhesives business of Le Joint Francais SNC, a France-based specialty sealants and adhesives manufacturer serving the aerospace, automotive and insulating glass industries.PPG FY15 10-K — Acquisitions note
Cuming Microwave Corporation (Avon, Massachusetts) and its wholly-owned subsidiary Cuming-Lehman Chambers, Inc. (Chambersburg, Pennsylvania); specialty coatings and materials that absorb microwaves and radio waves such as radar.
On July 1, 2015, PPG acquired Cuming Microwave Corporation based in Avon, Massachusetts, and its wholly-owned subsidiary Cuming-Lehman Chambers, Inc., based in Chambersburg, Pennsylvania.PPG FY15 10-K — Acquisitions note
Consorcio Latinoamericano, which operates a network of 57 paint stores in Central America; previously a concessionaire network for PPG-Comex.
On June 2, 2015, PPG acquired Consorcio Latinoamericano, which operates a network of 57 paint stores in Central America.PPG FY15 10-K — Acquisitions note
The remaining interest in Chemfil Canada Limited, a joint venture of PPG and Madinal Enterprises producing pretreatment products and general industrial chemicals for automotive OEMs and industrial customers in Canada.
On September 30, 2015, PPG completed the acquisition of the remaining interest in Chemfil Canada Limited, a joint venture of PPG and Madinal Enterprises.PPG FY15 10-K — Acquisitions note
I.V.C. Industrial Coatings, Inc. (IVC), a U.S.-based specialty powder and liquid coatings company whose coatings are used on metal office furniture, material handling and storage products, automotive parts, motorcycles, industrial containers, small appliances and electronics.
On September 1, 2015, PPG completed the acquisition of I.V.C. Industrial Coatings, Inc. (IVC), a U.S.-based specialty powder and liquid coatings company.PPG FY15 10-K — Acquisitions note
Revocoat S.A.S, acquired from the Axson Group; headquartered in France, a world leader in automotive adhesives and sealants offering a range of automotive assembly products.
On April 1, 2015, PPG completed the acquisition of Revocoat S.A.S from the Axson Group. Revocoat, headquartered in France, is a world leader in automotive adhesives and sealants.PPG FY15 10-K — Acquisitions note
DEUTEK S.A., a leading Romanian paint and architectural coatings manufacturer, acquired from the Emerging Europe Accession Fund; brands include OSKAR and DANKE!, sold across more than 120 do-it-yourself stores and 3,500 independent retail outlets in Romania.
On January 5, 2017, PPG completed the acquisition of DEUTEK S.A., a leading Romanian paint and architectural coatings manufacturer, from the Emerging Europe Accession Fund.PPG FY16 10-K — Acquisitions note
Certain assets of Futian Xinshi (Futian), an automotive refinish coatings company based in the Guangdong province of China, distributing through a network of more than 200 distributors.
On January 20, 2017, PPG announced that it has acquired certain assets of automotive refinish coatings company Futian Xinshi (Futian), an automotive refinish coatings company based in the Guangdong province of China.PPG FY16 10-K — Acquisitions note
MetoKote Corporation, a U.S.-based coatings application services business that applies coatings to customers' manufactured parts and assembled products via on-site coatings services and regional service centers.
In July 2016, PPG completed the acquisition of MetoKote Corporation, a U.S.-based coatings application services business.PPG FY18 10-K — Acquisitions note
The Crown Group (Crown), a U.S.-based coatings application services business and one of the leading component and product finishers in North America, applying coatings to customers' manufactured parts at 11 U.S. sites for the automotive, agriculture, construction, heavy truck and alternative energy industries.
On October 2, 2017, PPG acquired The Crown Group (Crown), a U.S.-based coatings application services business, which is reported as part of PPG's Industrial Coatings reportable segment.PPG FY18 10-K — Acquisitions note
PPG finalized its purchase of China Petrochemical Development Corporation's (CPDC) 40% ownership interest in Taiwan Chlorine Industries (TCI), a chlorine-based products venture in Taiwan; accounted for as an equity method investment. $100 million (option price reference).
In April 2017, PPG finalized its purchase of CPDC's 40% ownership interest in TCI.PPG FY18 10-K — Acquisitions note
In January 2018 PPG acquired ProCoatings, an architectural paint and coatings wholesaler based in the Netherlands. Established in 2001, ProCoatings distributed a wide portfolio of well-known professional paint brands through a network of 23 multi-brand stores and employed close to 100 people.
In January 2018, PPG acquired ProCoatings, a leading architectural paint and coatings wholesaler.PPG FY20 10-K — Acquisitions note
SEM Products, Inc. (SEM), a U.S.-based manufacturer of specialized automotive refinish products headquartered in Rock Hill, South Carolina; a leading manufacturer of repair and refinish products used primarily for automotive and other transportation applications. Completed in the fourth quarter of 2018.
In the fourth quarter of 2018, PPG completed the acquisition of SEM Products, Inc., a U.S.-based manufacturer of specialized automotive refinish products.PPG FY18 10-K — Acquisitions note
Dexmet Corporation, a specialty materials manufacturer specializing in customized, highly-engineered, expanded and perforated metal foils and polymers used for structural applications.
On August 14, 2019, PPG completed the acquisition of Dexmet Corporation, a specialty materials manufacturer.PPG FY20 10-K — Acquisitions note
Leading Nordic producer and distributor of decorative paint and coatings, including an industrial paint business producing paints and coatings for the wood and metal industries. PPG owned 9.3% of Tikkurila immediately before the acquisition and reached 100% ownership through a squeeze-out during Q4 2021.
Texstars, LLC, a manufacturer of high-performance transparencies, wingtip lenses and plastic components for aerospace and defense vehicles and a leader in advanced transparent coatings.
On October 25, 2019, PPG completed the acquisition of Texstars, LLC, a manufacturer of high-performance transparencies, wingtip lenses and plastic components for aerospace and defense vehicles.PPG FY20 10-K — Acquisitions note
PPG acquired Industria Chimica Reggiana (ICR) S.p.A., an Italian manufacturer of coatings for the automotive refinish and light industrial markets, in early 2020, though financial terms were not disclosed. Founded in 1961, ICR produces refinish products such as putties, primers, basecoats and clear coats under the SPRINT brand. The company employs roughly 180 people and sells into more than 70 countries across Europe, Africa, the Middle East, the United States and Latin America.
On January 31, 2020, PPG completed the acquisition of Industria Chimica Reggiana S.p.A, an Italian manufacturer of automotive refinish products.PPG FY20 10-K — Acquisitions note
Alpha Coating Technologies, LLC, a manufacturer of powder coatings for light industrial applications and heat sensitive substrates.
On March 2, 2020, PPG completed the acquisition of Alpha Coating Technologies, LLC, a manufacturer of powder coatings for light industrial applications and heat sensitive substrates.PPG FY20 10-K — Acquisitions note
Ennis-Flint, a global manufacturer of a broad portfolio of pavement marking products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems; funded using cash on hand and formed the basis of PPG's new traffic solutions business. approximately $1.15 billion.
On December 23, 2020, PPG completed the acquisition of Ennis-Flint, a global manufacturer of a broad portfolio of pavement marking products. PPG funded this transaction using cash on hand.PPG FY20 10-K — Acquisitions note
Tikkurila Oyj, a leading Nordic producer and distributor of decorative paint and coatings, including an industrial paint business for the wood and metal industries. PPG completed its tender offer on June 10, 2021, moving from a 9.3% pre-offer stake to 97.1% immediately after, and reached 100% ownership through a squeeze-out during the fourth quarter of 2021.
On June 10, 2021, PPG completed its tender offer for all of the outstanding shares of Tikkurila Oyj. Tikkurila is a leading Nordic producer and distributor of decorative paint and coatings.PPG FY22 10-K — Acquisitions note
Ozark Materials is a U.S.-based manufacturer of thermoplastic pavement marking products, serving road-marking customers across the United States and Canada with roughly 130 employees. PPG acquired the road markings business from Ingevity Corporation in an all-cash deal. The business aligns with PPG's Traffic Solutions operations.
Cetelon develops and manufactures coatings for automotive and light-truck wheel applications, including certain proprietary technologies. Founded in 1948 in Stuttgart, Germany, it operates production and sales offices in Ditzingen, Germany, serving leading wheel suppliers worldwide, and employs about 95 people. PPG reported the business within its automotive OEM coatings operations.
Wörwag is a global manufacturer of coatings for industrial and automotive applications, specializing in sustainable liquid, powder and film coatings. Founded in 1918 and headquartered in Stuttgart, Germany, it employs about 1,100 people and operates in Germany, the U.S., China, South Africa, Mexico, Spain, Switzerland and Poland. PPG announced the deal in January 2021.
PPG acquired the powder coatings manufacturing business of Arsonsisi, a Milan, Italy-based industrial coatings company that is a supplier of specialty powder coatings for architectural and industrial markets. The acquired business had approximately $15 million in 2021 sales and included a highly automated powder manufacturing plant in Verbania, Italy. The deal adds metallic bonding capabilities in the EMEA region.
VersaFlex manufactures polyurea, epoxy and polyurethane coatings for water and wastewater infrastructure, flooring, transportation infrastructure and industrial applications. PPG completed the acquisition to expand its protective and marine coatings offering, particularly for infrastructure and wastewater operations.
Hemmelrath, headquartered in Klingenberg, Germany, is a manufacturer of coatings for automotive original equipment manufacturers (OEMs). It employs more than 450 people and operates plants in Klingenberg and Erlenbach (Germany), Jilin (China), Duncan, South Carolina (U.S.) and Indaiatuba (Brazil), with more than 7 million vehicles coated with its products annually. PPG completed the acquisition in April 2019.
Whitford, a privately held company founded in 1969 and headquartered in Elverson, Pennsylvania, manufactures low-friction, wear-resistant coatings for industrial applications in automotive, aerospace, energy and construction, plus nonstick coatings for cookware, bakeware and small electric appliances. It employs more than 700 people across 10 manufacturing facilities worldwide. PPG reported the business within its industrial coatings segment.
Homax is a supplier of decorative wall and ceiling texture repair products, including aerosol drywall and ceiling texturing applications used primarily for home repair, along with epoxy finishes, patching, caulking, mesh tape repair products and painting tools and accessories. Its products are sold through home improvement centers, hardware stores and paint suppliers. PPG's North American architectural coatings business acquired Homax from Olympus Partners.
Westmoreland Supply is an independent architectural paint distributor headquartered in Pittsburgh, operating a 12-store network across Western Pennsylvania and West Virginia. PPG's North American architectural coatings business acquired the company and rebranded the locations under its PPG Paints store brand. The deal expanded PPG's company-owned stores footprint.
Masterwork Paint Company is an independent architectural paint distributor headquartered in Pittsburgh, operating a 13-store network across Western Pennsylvania, Ohio and New York. PPG's North American architectural coatings business acquired the company to expand its company-owned stores footprint.
Flood Australia manufactures and distributes specialty wood stain and paint additive solutions for consumer, commercial and industrial applications. PPG acquired certain assets of the business (no manufacturing assets or facilities were included), whose products were sold through Australian home improvement stores including Bunnings, Masters, Mitre 10 and Danks, and independent paint dealers.