PPG Announces Application Acquisition
PPG Industries (Pittsburgh) announced last week that it will acquire Warren, Michigan-based coating application services company The Crown Group.
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.
“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.”
Crown's services include spray application, e-coat, polyurea application and other related work. 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.