PPG to Acquire Chinese Packaging Coatings Company
PPG Industries has reached an agreement to acquire Bairun, a privately held packaging coatings company in Gaoming District, Foshan, Guangdong, in southern China. The deal is expected to close during the current quarter. Approximately 70 Bairun employees involved with sales, research and development, quality control, technical support, manufacturing, and warehousing will transfer with the business.
“This acquisition will bolster PPG’s leadership positions in the Chinese and Asian packaging coatings industry,” said Viktor Sekmakas, PPG senior vice president, industrial coatings and president, PPG Asia/Pacific. “This acquisition positions PPG to continue a history of strong growth in the packaging coatings business in a large and growing region. Furthermore, this acquisition fits with PPG’s global strategy to grow in coatings and specialty products, especially in emerging regions such as Asia/Pacific.”
For more information, visit www.ppg.com.