PPG Industries acquired Flood Australia, a transaction completed in March 2015, structured as Asset acquisition of certain Flood Australia assets (excluding manufacturing assets/facilities); financial terms undisclosed..
Flood Australia operates in Performance Coatings (Architectural Coatings), is based in Australia. 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.
Expands PPG's architectural paint and coatings offering and establishes a position in wood care in the Australian market.
Advisory firms were not disclosed for this transaction.