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PPG Closes Acquisition of German Automotive Coatings Maker Hemmelrath
Thursday 18 April 2019

18 April 2019 - Pennsylvania, US-based paints, coatings and materials supplier PPG (NYSE: PPG) has closed the acquisition of Germany based automotive coatings manufacturer Hemmelrath to expand PPG's automotive coatings offering, the company said.

PPG said this acquisition is another step forward in its strategic growth plan that will provide further value to customers and shareholders.

The acquisition will enhance PPG's automotive coatings offering, and add formulating and manufacturing solutions.

PPG develops and delivers paints, coatings and materials to more than 70 countries and reported net sales of USD 14.7bn in 2017.

Hemmelrath is a manufacturer of coatings for automotive original equipment manufacturers.

With more than 450 employees, the company operates manufacturing facilities in Klingenberg and Erlenbach, Germany; Jilin, China; Duncan, South Carolina, United States; and Indaiatuba, Brazil.
Details
Date Published: 18/04/2019
Target: Hemmelrath
Country: Germany
Sector: Motor Vehicles
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: PPG
Comment:
Terms of the deal were not disclosed

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