PPG to Acquire Spraylat
PPG Industries recently announced it has reached a definitive agreement to acquire certain assets of Spraylat Corp., a privately owned industrial coatings company. The transaction is expected to close in late 2012, subject to regulatory approval and customary closing conditions.
“Acquiring Spraylat furthers PPG’s strategy to remain a leading industrial coatings supplier,” said Richard Zoulek, PPG vice president, Industrial Coatings, Americas. “This transaction strengthens PPG’s position in key end-use markets such as automotive parts while expanding PPG’s overall liquid and powder coatings capabilities.”