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

 

Coatings Industry News

Main News Page


PPG Gains 100 Percent of IVC Asian Group

Wednesday, April 19, 2017

More items for Coating Materials
More items from North America

Comment | More

Pittsburgh-based coatings giant PPG Industries announced April 6 it had acquired the remaining 50 percent ownership interest in its Asian joint venture comprising IVC Malaysia and IVC-OPS Singapore.

PPG, the world's largest coatings manufacturer, purchased the remaining stake from Omni-Plus System Pte. Ltd., which had been its partner in the venture. Financial terms were not disclosed.

© iStock.com / JoeCollver

PPG Industries formed a joint venture with IVC in 2008. The firm supplies industrial coatings to the appliance and electronics-materials industries.

“This transaction is an important follow-up to PPG’s 2015 acquisition of IVC Industrial Coatings Inc., which is now fully integrated into our industrial coatings business,” Shelley Bausch, PPG vice president of global industrial coatings, said in a statement. “The IVC products, operations and employees we added through that transaction have helped strengthen our business.”

“We look forward to fully integrating the Asian IVC joint venture as well, so we can further enhance PPG’s ability to deliver value to our industrial coatings customers.”

Business Partners

The IVC joint venture was formed between PPG and Omni-Plus in 2008. It supplies industrial coatings to the appliance and electronics-materials industries.

The deal is a relatively minor one for PPG, in comparison with some of the other transactions the company has made in recent years. The IVC joint venture had sales of less than $10 million as an equity affiliate of PPG in 2016. All joint-venture employeesfewer than 10—will become PPG employees.

PPG also gains machinery and equipment; property leases, working capital, customer lists and relationships; and distribution and territorial rights in Asia.

Previous Ties

PPG Industries formally acquired IVC Industrial Coatings Inc. in September 2015. The specialty powder and liquid coatings manufacturer is based in Brazil, Indiana.

Global Reach

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

Reported net sales for the company were $16.4 billion in 2016.

   

Tagged categories: Acquisitions; Coatings Technology; Industrial coatings; IVC Industrial Coatings Inc.; PPG

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Sherwin-Williams
 
Sherwin-Williams Oil & Gas App
 
Our coatings and linings expertise available 24/7, allowing you to explore the best Sherwin-Williams solutions for oil refineries, shale drilling sites, and offshore. Android users
click here. Download today!
 

 
Jotun Paints Inc.
 
Jotachar JF750 - The Time Saving Solution
 
The only mesh free solution for jet fire scenarios. Jotachar saves installation time and material costs - the next generation of epoxy passive fire protection.
 

 
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.
 

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

 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
W Abrasives
 
Steel Abrasives from
W Abrasives
 
As the global leader in steel abrasives, W Abrasives material is the efficient and eco-friendly solution blasting with you to reach the perfect profile.
 

 
Carboline Company
 
Fireproofing Solutions
 
Pyroclad® X1 Thermo-Lag® Pyrocrete® – protecting against hydrocarbon and jet fires, explosions, and cryogenic spills.
 

 
PPG Protective and Marine Coatings Group
 
We Protect and Beautify the World
 
PPG is widely recognized as a world leader in protective and marine coatings, developing innovative, cutting-edge products and services.
 

 
Absolute Equipment/Grand Rental Station
 
TIER 4 EQUIPMENT
 
We have Tier 4 Equipment including Air Compressors & Generators for Sale & Rent! Your job may now require Tier-4. www.absoluteequip.com or Call 412-931-6655.
 

 
DeFelsko Corporation
 
PosiTector SHD Shore Hardness Durometer
 
PosiTector SHD measures the hardness of non-metallic materials. Features a measurement timer, auto ignore mode and internal memory. Shore A or D available.
 

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

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