PPG Industries acquires SigmaKalon Group
The deal at a glance
PPG Industries acquired SigmaKalon Group for approximately EUR 2.2 billion (including assumed debt), a transaction completed in January 2008, structured as all cash.
SigmaKalon Group operates in Coatings (architectural, industrial, protective & marine), is based in Uithoorn, the Netherlands (Europe). 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.
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.
Added a European architectural coatings platform where PPG previously had only nominal participation, expanding the global coatings portfolio by more than 40 percent. Coatings segments (architectural, industrial, protective & marine)
No advisory firms have been disclosed for this transaction.