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PPG Closes Acquisition of Coatings Manufacturer VersaFlex
Tuesday 23 February 2021

Pennsylvania, US-based paint and coatings manufacturer PPG (NYSE: PPG) has closed the acquisition of US-based VersaFlex, a manufacturer specialising in polyurea, epoxy and polyurethane coatings, the company said.

Financial terms were not disclosed.

VersaFlex is an aggregation of four US-based protective coatings companies, consisting of legacy VersaFlex, Raven Lining Systems, Milamar Coatings and Specialty Products, Inc.

The company has approximately 130 employees and three manufacturing sites located in Kansas, Oklahoma and Washington. Its full year 2020 revenue was approximately USD70 m.

VersaFlex is a manufacturer specialising in polyurea, epoxy and polyurethane coatings for water and waste water infrastructure, flooring, transportation infrastructure, and industrial applications. VersaFlex was a portfolio company of DalFort Capital Partners.

DalFort Capital Partners is a sector-focussed investment firm based in Dallas, Texas.
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Date Published: 23/02/2021

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