PPG Industries has completed its acquisition of the coatings
businesses of Colpisa Colombiana de Pinturas and its
affiliates, including Colpisa Ecuador.
The parties first announced an acquisition agreement on Aug.
4, 2011. Financial terms were not disclosed.
PPG is pleased with the completion of the Colpisa
acquisition, and we look forward to building our presence in
Colombia to serve and grow with our customers in the
region, said Tim Knavish, PPG vice president for
automotive OEM (original equipment manufacturer) coatings,
This acquisition is further evidence of PPGs
commitment to global growth in coatings, he added.
In acquiring Colpisa, PPG becomes the only major coatings
supplier with a direct automotive OEM coatings manufacturing
presence in Colombia and one of the leading providers of a full
line of automotive refinish products in Colombia with an
established distribution network, according to Knavish.
Colpisa has been a technology licensee of PPG
automotive OEM coatings since 1996 and a distributor of PPG
automotive refinish products since 2004.
PPG now operates Colpisas coatings manufacturing
facility in Itagüí, Colombia, which employs about
Colpisa was founded in 1973 and manufactures and distributes
coatings for OEM, automotive refinish and industrial customers
in Colombia and Ecuador.