PPG Industries acquired The Homax Group, Inc., a transaction completed in July 2014, structured as Acquisition of The Homax Group, Inc. from Olympus Partners by PPG's North American architectural coatings business..
The Homax Group, Inc. operates in Performance Coatings (Architectural Coatings - Americas), is based in United States. Homax is a supplier of decorative wall and ceiling texture repair products, including aerosol drywall and ceiling texturing applications used primarily for home repair, along with epoxy finishes, patching, caulking, mesh tape repair products and painting tools and accessories. Its products are sold through home improvement centers, hardware stores and paint suppliers. PPG's North American architectural coatings business acquired Homax from Olympus Partners.
Expands PPG's architectural coatings offering with decorative texture repair products distributed through major home improvement and hardware retail channels.
Advisory firms were not disclosed for this transaction.