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.
- 01 Added a European architectural coatings platform where PPG previously had only nominal participation
- 02 expanding the global coatings portfolio by more than 40 percent
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. This acquisition would give us a more balanced coatings business in Europe, approximately doubling our European sales, and expand our global coatings portfolio by more than 40 percent.