Headlines

PPG Finalizes Dyrup Purchase

October 25, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

PPG Industries recently announced it has finalized the purchase agreement to acquire European coatings company Dyrup A/S, Copenhagen, Denmark, from its owner, Monberg & Thorsen, a public holding company. The final transaction value, including assumed debt, has been set at €115 million ($160 million), based on final due diligence. Both parties have agreed on a closing date of Jan. 5, 2012.

“Once finalized, the acquisition of Dyrup will enable PPG to continue to expand its geographic reach within Europe, as well as its product portfolio to include Dyrup’s established strong brands, particularly in wood care products,” said J. Rich Alexander, PPG executive vice president who leads all of the company’s architectural coatings businesses. “We look forward to integrating Dyrup and its many highly skilled employees into our European business, and to securing the future for Dyrup’s brands and customers.”

Viktor R. Sekmakas, president of PPG Europe, added that the acquisition “will help to grow PPG’s presence in key countries such as Poland, France and Denmark, and to establish PPG in Portugal, Spain, and Germany, where PPG today has little or no architectural coatings presence. We look forward to completing the transaction in early January 2012.”

Jørgen Nicolajsen, president and CEO, Monberg & Thorsen, said, “We are pleased that we have now reached a final and binding agreement with PPG following the due diligence process. Dyrup and PPG represent a strong strategic combination with possibilities for further growth and synergies.”

For more information, visit www.dyrup.com or www.ppg.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail advantages and innovations for multiple end uses.

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

THE MAGAZINE

Adhesives & Sealants Industry Magazine

ASI April 2014 cover

2014 April

Our April issue focuses on pressure-sensitive adhesives, including a preview of PSTC's 2014 Tape Summit, as well as converting/packaging and composites!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

asi1211p_Cover-DE.gifASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40