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PPG Completes Acquisition of Coatings Company

Friday, March 8, 2019

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Earlier this month, global coatings company PPG (Pittsburgh) announced the completion of the acquisition of 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 wear-resistant coatings for industrial applications in automotive, aerospace, energy and construction products, as well as nonstick coatings for household items. Whitford also employs more than 700 people and operates 10 manufacturing facilities around the world.

© iStock.com / JoeCollver

Earlier this month, global coatings company PPG (Pittsburgh) announced the completion of the acquisition of 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, when the acquisition was initially announced in December.

The financial terms of the deal were not disclosed.

“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.”

   

Tagged categories: Acquisitions; Business matters; NA; North America; PPG; Program/Project Management

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