PPG to acquire US industrial coatings firm Spraylat
PPG Industries on Wednesday agreed to acquire Spraylat Corp., a privately-owned industrial coatings company based in Pelham, New York.
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 PPGs strategy to remain a leading industrial coatings supplier, said Richard Zoulek, PPG vice president of industrial coatings for the Americas region.
This transaction strengthens PPGs position in key end-use markets such as automotive parts, while expanding PPGs overall liquid and powder coatings capabilities.
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, according to Zoulek.
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