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PPG Industries recently announced it has reached a definitive agreement to acquire certain assets of Deft Inc., a privately owned specialty coatings company based in Irvine, Calif.
“Acquiring Deft will advance PPG’s strategy to remain a leading aerospace coatings supplier,” said Barry Gillespie, vice president, Aerospace, PPG. “Deft’s waterborne and chrome-free technologies complement PPG’s existing coatings capabilities and will provide PPG with a broader product portfolio, particularly within the aerospace industry.”
The transaction is expected to close in the second quarter, subject to customary closing.