PPG Industries acquired Hemmelrath, structured as Acquisition of Hemmelrath's automotive OEM coatings business; completed April 2019, financial terms undisclosed..
Hemmelrath operates in Industrial Coatings (Automotive OEM Coatings), is based in Germany. 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.
Strengthens PPG's automotive OEM coatings business and expands its global manufacturing footprint serving vehicle manufacturers.
Advisory firms were not disclosed for this transaction.