PPG acquire assets industrial coatings producer Spraylat

PPG to acquire assets of industrial coatings producer Spraylat

4:43 AM, 18th October 2012
PPG to acquire assets of industrial coatings producer Spraylat
Richard Zoulek, Vice President, Industrial Coatings, Americas, PPG.

PITTSBURGH, US: PPG Industries has reached a definitive agreement to acquire certain assets of Spraylat Corporation, a privately-owned industrial coatings company based in Pelham, NY. The transaction is expected to close in late 2012 subject to regulatory approval and customary closing conditions. Financial terms were not disclosed.

“Acquiring Spraylat furthers PPG’s strategy to remain a leading industrial coatings supplier. This transaction strengthens PPG’s position in key end-use markets such as automotive parts while expanding PPG’s overall liquid and powder coatings capabilities,” said Richard Zoulek, Vice President, Industrial Coatings, Americas, PPG.

“Spraylat’s strong customer base, innovation and service, combined with PPG’s global infrastructure, will create growth opportunities,” added Zoulek.

Spraylat holds a strong position in industrial markets such as automotive parts, architectural powder coatings, transportation, and general industrial niches, including mirror, electronic device, metal office furniture and storage, and sign coatings.

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