PPG Industries acquired Ennis-Flint, a transaction completed in December 2020.
Ennis-Flint operates in Traffic solutions (Performance Coatings), is based in Global. 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.
The acquisition created PPG's traffic solutions business within its Performance Coatings segment.
Traffic solutions (Performance Coatings)
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
Advisory firms were not disclosed for this transaction.