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PPG to Acquire Coatings Application Services Provider

Tuesday, July 25, 2017

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PPG Industries (Pittsburgh) recently announced that it has come to an agreement to acquire coatings application services business The Crown Group (Warren, Michigan).

Crown, which employs 950 people, applies coatings to manufactured parts and assembled products at 11 sites across the U.S. In addition to coating application, the group also provides assembly, warehousing and sequencing services.

Ctoocheck, public domain, via Wikimedia Commons

PPG Industries recently announced that it has come to an agreement to acquire coatings application services business The Crown Group.

“Crown is a leader in coatings application and this acquisition will enhance PPG’s ability to service its original equipment manufacturer (OEM) customers,” said Viktor Sekmakas, PPG executive vice president.

“PPG continues to help customers simplify this portion of the product finishing process, enabling them to focus on their core competencies of product design and manufacturing. Our growing coatings application services capability allows PPG to have a more intimate understanding of our manufacturing customers’ coatings needs and offer enhanced, end-to-end solutions and services.”

The company serves manufacturers in automotive, agriculture, construction, heavy truck and alternative energy industries

Though financial terms were not disclosed, PPG says it expects the transaction to close in the third quarter.

   

Tagged categories: Acquisitions; Business matters; Equipment manufacturers; Good Technical Practice; Mergers; North America; OEM (Original Equipment Manufacturers); Paint application; PPG

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