PPG acquires US industrial coatings firm Spraylat
12/19/2012 12:00:00 AM
PPG Industries on Wednesday completed its previously-announced agreement to buy Spraylat Corp.,a privately-owned industrial coatings company based in Pelham, New York.
Financial terms were not disclosed. The acquisition was first announced in October.
The acquisition furthers the capabilities of PPG’s industrial coatings business for both liquid and powder coatings, according to the company.
Spraylat coatings products are used in industrial markets such as automotive parts, architectural powder coatings, transportation, and general industrial niches such as electronic device, metal office furniture and storage, and sign coatings.
The company had annual sales of approximately $125 million in 2011.
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