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PPG Acquires Low-Friction Coatings Company

Wednesday, December 19, 2018

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Global coatings company PPG (Pittsburgh) recently announced that it has reached an agreement to acquire Whitford Worldwide Company (Elverson, Pennsylvania), a manufacturer that specializes in low-friction and nonstick coatings for industrial applications.

“The acquisition of Whitford will allow PPG to further drive value for its customers and shareholders by enhancing our range of product offerings, research and development capabilities, and global market reach in the growing industrial coatings sector,” said Michael McGarry, PPG chairman and chief executive officer.

© iStock.com / JoeCollver

Gobal coatings company PPG (Pittsburgh) recently announced that it has reached an agreement to acquire Whitford Worldwide Company (Elverson, Pennsylvania), a manufacturer that specializes in low-friction and nonstick coatings for industrial applications.

According to PPG, Whitford specializes in manufacturing low-friction, wear-resistant coatings for industrial applications in automotive, aerospace, energy and construction products, as well as nonstick coatings for household items.

Whitford employs more than 700 people and operates 10 manufacturing facilities around the world.

“Whitford’s leadership in low-friction and nonstick coatings will provide strategic additions to the robust portfolio of industrial coatings solutions we deliver today, while PPG’s research and development organization will leverage Whitford’s extensive expertise in fluoropolymer chemistry across the markets we serve,” said Tim Knavish, PPG senior vice president, industrial coatings.

“In addition, Whitford’s global footprint and customer-centric, high-touch business model are highly complementary to PPG’s business, allowing for a seamless integration process.”

The transaction is expected to close in the first quarter of 2019, subject to closing conditions. Financial terms were not disclosed.

   

Tagged categories: Acquisitions; Business matters; Good Technical Practice; North America; PPG

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