PPG acquire US coatings service provider MetoKote

PPG to acquire US coatings service provider MetoKote

11:41 AM, 10th June 2016
PPG to acquire US coatings service provider MetoKote

PITTSBURGH, US: PPG Industries has signed a definitive agreement to acquire US-based coatings service provider MetoKote Corporation and its affiliates. The transaction is expected to close in the third quarter 2016.

MetoKote is headquartered in Lima, Ohio (US), with 2015 global sales of approximately $200 million and has more than 1,500 employees. MetoKote applies coatings to customers’ manufactured parts and assembled products. It operates on-site coatings services within several customer manufacturing locations, as well as at regional service centers, located throughout the US, Canada, Mexico, UK, Germany, Hungary and Czech Republic.

Customers ship parts to MetoKote service centers, where they are treated to enhance paint adhesion and painted with electrocoat, powder or liquid coatings technologies. Coated parts are then shipped to the customer’s next stage of assembly. MetoKote coats an average of more than 1.5 million parts per day.

“This acquisition will help us to better understand and meet our customers’ critical coatings requirements. This will simplify our customers’ operations, enabling them to focus on their core competencies of product design and manufacturing. Having a more intimate understanding of our customers’ coatings needs will help us to offer enhanced, end-to-end solutions and services going forward,” said Viktor Sekmakas, executive VP, PPG.

“With this acquisition, we will be able to deliver process efficiency and streamline coatings operations for our customers, helping to drive a new era of innovation,” added Sekmakas.

© Worldofchemicals News


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