PPG acquire specialty materials manufacturer Dexmet from Sverica

PPG to acquire specialty materials manufacturer Dexmet from Sverica

5:38 AM, 23rd July 2019
PPG LOGO

PITTSBURGH, US: PPG Industries has reached a definitive agreement with Sverica Capital Management LP to acquire Dexmet Corporation, a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications.

The company is a leader in several critical application areas, including aircraft lightning strike protection. The transaction is expected to close in the third quarter 2019.

“The acquisition of Dexmet will enable PPG to provide further value to our customers by enhancing our range of product offerings, expanding our research and development capabilities, and increasing our market reach across PPG’s aerospace, automotive and industrial coatings businesses,” said Michael McGarry, PPG chairman and chief executive officer.

“The Dexmet team is excited to become part of the PPG family. PPG's technological leadership and commitment to innovation aligns well with Dexmet and will enable us to significantly broaden the solution set we bring to our customers," said Timothy Poor, Dexmet chief executive officer.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


BP, Bunge to form leading bioenergy joint venture in Brazil

LONDON, UK: BP Plc has agreed to form a 50:50 joint venture with Bunge – a leader in agriculture, food and ingredients - that will create a lead ...

Read more
Celanese increases prices for acetyl intermediates

DALLAS/AMSTERDAM/SHANGHAI: Celanese Corporation said that it will increase list and off-list selling prices for the following acetyl intermediates pro ...

Read more
Axalta builds new metallic powder coatings facility at Landshut site

BASEL, SWITZERLAND: Axalta has expanded its Landshut, Germany, site, building a second production facility in the region for bonded metallic powder co ...

Read more
Archroma introduces new formaldehyde-free curing binder

REINACH, SWITZERLAND: Archroma recently launched its new Helizarin LTC New liq, a formaldehyde-free low temperature curing binder for pigment printing ...

Read more
GeM, SAIL ink pact to set up project management unit

NEW DELHI, INDIA: Public procurement portal Government eMarketplace (GeM) and Steel Authority of India (SAIL) signed a pact to set up a project manage ...

Read more
DSM submits new methane-reducing feed additive for EU approval

KAISERAUGST, SWITZERLAND: Royal DSM has commenced filing its new feed additive for EU authorization approval. The company claims that the new feed ad ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X