PPG recently announced that it has completed its acquisition of VersaFlex from DalFort Capital Partners. VersaFlex specializes in polyurea, epoxy, and polyurethane coatings for water and wastewater infrastructure, flooring, transportation infrastructure, and industrial applications. Financial terms were not disclosed.
VersaFlex is an aggregation of four U.S.-based protective coatings companies, consisting of legacy VersaFlex, Raven Lining Systems, Milamar Coatings, and Specialty Products Inc. The company has approximately 130 employees and three manufacturing sites located in Kansas, Oklahoma, and Washington. Its full-year 2020 revenue was approximately $70 million.