PPG Industries acquired Cetelon Lackfabrik GmbH, a transaction completed in April 2021, structured as Acquisition of Cetelon Lackfabrik GmbH; financial terms undisclosed..
Cetelon Lackfabrik GmbH operates in Industrial Coatings (Automotive OEM Coatings), is based in Germany. 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.
Strengthens PPG's automotive OEM and wheel coatings portfolio with proprietary wheel coating technologies and access to leading global wheel suppliers.
Advisory firms were not disclosed for this transaction.