PPG to Complete Acquisition of Chemfil
PPG Industries recently announced it has reached a definitive agreement to acquire the remaining interest in Chemfil Canada Ltd., a joint venture of PPG and Madinal Enterprises. The transaction is expected to close in the third quarter.
The acquisition will reportedly enhance PPG’s pretreatment presence and capabilities in Canada. After closing, the acquired products and services will be offered under the PPG name. In addition, at the conclusion of the transaction, an affiliate of Madinal Enterprises will own the Windsor production facility and certain non-pretreatment business and product lines that will continue to use the Chemfil name.
“Acquiring the pretreatment business of Chemfil Canada will enable PPG to further strengthen its pretreatment offering and services in this area for global automotive OEM and industrial customers,” said Cindy Niekamp, PPG senior vice president, automotive coatings. “PPG looks forward to enhancing supply capabilities for Chemfil customers and providing them with access to PPG’s full portfolio of coatings products.”