PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

Sherwin-Williams


Coatings Industry News

Main News Page


PPG Expands Reach with New Acquisition

Friday, June 10, 2016

Comment | More

Pittsburgh-based coatings giant PPG has announced it will acquire global coatings services provider MetoKote and its affiliates.

The transaction, announced Wednesday (June 8), is expected to close in the third quarter of 2016, subject to customary closing conditions.

The financial terms of the deal were not disclosed.

PPG headquarters
© iStock.com / JoeCollver

PPG, headquartered in Pittsburgh, announced it has reached a definitive agreement to acquire MetoKote Corporation and its affiliates. The transaction is expected to be complete in the third quarter of 2016.

“MetoKote is a leader in coatings services,” said Viktor Sekmakas, PPG executive vice president. “Its size, breadth of capabilities and geographic reach complement PPG’s technology and regional customer base.

“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.”

Metal Coating Services

MetoKote, based in Lima, OH, is a provider of industrial metal coating services for various industrial and automotive customers. Specifically, it applies coatings to customers’ manufactured parts and assembled products, PPG noted.

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.

Describing itself as an “industry leader in protective coating applications,” MetoKote indicates it coats an average of more than 1.5 million parts per day.

It operates on-site coatings services within several customer manufacturing locations, as well as at regional service centers, located throughout the U.S., Canada, Mexico, the United Kingdom, Germany, Hungary and the Czech Republic.

“This acquisition will help us to better understand and meet our customers’ critical coatings requirements,” said Sekmakas, adding that the deal helps PPG respond to customer requests to streamline the purchasing, delivery and application of coatings.

“This will simplify our customers’ operations, enabling them to focus on their core competencies of product design and manufacturing,” Sekmakas added. “Having a more intimate understanding of our customers’ coatings needs will help us to offer enhanced, end-to-end solutions and services going forward.”

47-Year History of Growth

Founded in 1969, MetoKote has grown to more than 1,500 employees and 29 facilities worldwide, serves more than 800 customers, and reports 2015 global sales of approximately $200 million.

In 2013, MetoKote was acquired by mergers, acquisitions and operating firm Platinum Equity (Los Angeles).

Under Platinum Equity's ownership, MetoKote was able to execute a range of strategic and operational initiatives that have helped the company grow and adapt to changes in the market, Platinum Equity Partner Bob Wymbs said in his company’s announcement of the sale.

Among these efforts, MetoKote itself acquired Malcolm Enamellers ACP Limited, a U.K. coating services provider, in December 2015.

"MetoKote's success is a result of a great partnership with the management team and a lot of hard work by the company's dedicated employees," said Wymbs.

"Working together we realigned the company's global footprint, sharpened our focus on high-growth markets, and made important investments to strengthen key customer relationships,” added MetoKote President and CEO Jeff Oravitz.

“We are on a strong path for continued growth and success."

Editor's note: This story was one of our most popular of 2016, and ran in our Reader's Choice issue on Dec. 27. Since this article's original publication, PPG completed its acquisition of MetoKote in July, and named Jeff Oravitz, previously CEO of MetoKote, to the position of vice president of PPG coatings services and president of PPG-MetoKote.

   

Tagged categories: Acquisitions; Automotive coatings; Business matters; Coating Business; Industrial powder coating; Liquid-applied coatings; Mergers; MetoKote; PPG; Service

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
Jotun Paints Inc.
 
Jotun Jotachar 1709
 
Mesh-free passive fire protection epoxy designed to protect against hydrocarbon pool fire scenarios for up to four hours as defined in the ANSI/UL1709 standard.
 

 
Tarps manufacturing, Inc.
 
QUALITY MADE IN AMERICA —Available near you!
 
CLICK to get a behind-the-scenes look at how Tarps Manufacturing makes the highest-quality tarps right here in the USA — available nationwide.
 

 
Industrial Vacuum Equipment Corp.
 
Hurricane Vacuums
& Dust Collectors
 
Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com
 

 
Carboline Company
 
New product: Carbozinc® 608 HB
 
Introducing a new high build zinc-rich primer that can save you time and money by eliminating the epoxy intermediate coat!
 

 
HoldTight Solutions Inc.
 
NO FLASH RUST - NO CONTAMINANTS
 
Our HoldTight®102 salt remover & flash rust
preventer prevents flash
rust by removing surface contaminants. Contact us
for your nearest distributor.
(800) 319.8802 sales@holdtight.com
 

 
Modern Safety Techniques
 
Modern Safety Techniques
 
With our unique LTCat, we can help to provide clean, safe breathing air to your workers. Take a look at our Breathing Air Systems, we supply at least twice as much charcoal as our competitors! Modern
 

 
CHLOR*RID International Inc.
 
SOLUTIONS THAT WORK
 
Companies that invest in corrosion control use CHLOR RID products
  • Soluble salt removal liquid
  • Test kits to verify contamination levels
  • Surface passivation to hold the blast
INFO@CHLOR-RID.COM 800.422.3217
 

 
Graco Inc.
 
Graco EcoQuip 2: Experience the Difference
 
While others claim their equipment is the same, none of them compare to Graco’s EcoQuip 2™ Vapor Abrasive® blasting line. Visit graco.com/ecoquip to learn more.
 

 
US Minerals
 
Hit Harder. Clean Faster.
 
Black Diamond abrasive products are the toughest, most effective blasting media and supply the superior power you need to get any job done.
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us