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PPG Completes IVC Acquisition

Thursday, September 3, 2015

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Coatings giant PPG Industries has formally acquired IVC Industrial Coatings Inc., the company announced Tuesday (Sep. 1).

IVC, a U.S.-based specialty powder and liquid coatings manufacturer, reported sales of more than $100 million in 2014.

Financial terms of the deal were not disclosed.

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© iStock.com / mcpix

IVC Industrial Coatings Inc. specializes in the development, manufacture and sale of powder and liquid coatings for the general industrial segment.

The acquisition will strengthen PPG’s position in the industrial coatings market, according to the company.

“We have been impressed with IVC’s strong customer focus and overall business performance and believe that together we can offer even greater solutions for our customers,” said Shelley Bausch, PPG vice president of global industrial coatings.

She also cited IVC’s industry-leading powder coatings and best-in-class manufacturing capability as strengths.

PPG and IVC first announced the planned acquisition on June 11.

Founded in 1870

Based in Brazil, IN, IVC was founded in 1870 as the Indianapolis Varnish Co. It specializes in the development, manufacture and sale of powder and liquid coatings for the general industrial segment.

End-use applications include metal office furniture; material handling and storage products; automotive parts; motorcycles; industrial containers; small appliances; and electronics.

Privately owned, IVC employs more than 300 people. The company operates five plants in the U.S.—two in Brazil, IN, and one each in Grand Haven, MI; Atlanta; and Casa Grande, AZ.

It also has a plant in China and a development lab in England, as well as operations in Malaysia through a joint venture.

Founded in 1883, PPG has global headquarters in Pittsburgh and operates in more than 70 countries around the world.

PPG’s Vision

Founded in 1883, PPG Industries has global headquarters in Pittsburgh and operates in more than 70 countries around the world.

PPG’s vision is to be the world’s leading coatings company by consistently delivering high-quality, innovative and sustainable solutions that customers trust to protect and beautify their products and surroundings.

The company says it uses its leadership in innovation, sustainability and color to provide added value to customers in construction, consumer products, industrial and transportation markets and aftermarkets.

Reported net sales for the company were $15.4 billion in 2014.

   

Tagged categories: Acquisitions; Business matters; Business operations; IVC Industrial Coatings Inc.; Mergers; PPG

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