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PPG Acquires Home Repair Line

Wednesday, June 11, 2014

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Reaching deeper into the remodeling and repair market, PPG Industries Inc. has announced the acquisition of The Homax Group Inc., of Bellingham, WA.

Terms of the deal, announced Thursday (June 5), were not disclosed.

PPG's North American architectural coatings business announced the definitive agreement to acquire The Homax Group, a supplier of decorative wall and ceiling texture repair products.

The transaction is expected to close in the third quarter, subject to customary closing conditions, PPG said.

Homax Business

Homax is a portfolio company of the Olympus Partners investment group.

Founded more than 25 years ago, Homax is a supplier of decorative aerosol drywall and ceiling texturing applications primarily for home repair, according to the announcement.

Homax products
www.homaxproducts.com

Homax supplies a variety of decorative wall and ceiling texture repair products to professional contractors and DIY-ers.

The company also supplies epoxy finishes; patching, caulking and mesh tape repair products; and other painting tools and accessories.

The company’s products are sold through major home improvement centers, hardware stores and paint suppliers.

'New Offerings'

“Homax products represent a new and unique offering for our customers,” said Scott Sinetar, PPG vice president, architectural coatings, North America.

“The acquisition supports our continuing commitment to providing professional and do-it-yourself customers with leading coatings and related home remodeling and repair products.”

About PPG

PPG Architectural Coatings manufactures residential and commercial coatings and products. The business produces paints, stains and specialty coatings and products marketed under Flood, Glidden, Manor Hall, Olympic, PPG Pittsburgh Paints, Sikkens and other brands.

The company's distribution network includes more than 900 company-owned stores, more than 5,000 independent dealer locations, and all major home improvement centers.

   

Tagged categories: Architectural coatings; Coatings manufacturers; Maintenance + Renovation; Maintenance coating work; PPG; Rehabilitation/Repair; Textured coating; Wall

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