PPG Industries acquired Wörwag, structured as Acquisition of Wörwag; announced January 2021 and completed May 2021, financial terms undisclosed..
Wörwag operates in Industrial Coatings, is based in Germany. Wörwag is a global manufacturer of coatings for industrial and automotive applications, specializing in sustainable liquid, powder and film coatings. Founded in 1918 and headquartered in Stuttgart, Germany, it employs about 1,100 people and operates in Germany, the U.S., China, South Africa, Mexico, Spain, Switzerland and Poland. PPG announced the deal in January 2021.
Expands PPG's global industrial and automotive coatings capabilities, adding sustainable liquid, powder and film coating technologies and broadening geographic reach.
Advisory firms were not disclosed for this transaction.