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PPG Buys Industrial Coatings Firm
12:49 PM MDT | October 16, 2007 | CW Editorial Staff
PPG Industries says it has acquired industrial coatings maker Coatings Resource Corp. (CRC; Huntington Beach, CA) for an undisclosed sum. CRC also produces colorants, blowing agents, stabilizers, and antioxidants for use on plastics. The deal includes inventory, accounts receivable, key sales and technical personnel, selected equipment, formulations, and customer lists. PPG will not acquire CRC’s Huntington Beach manufacturing plant, but products will be toll manufactured for PPG from that facility “for the foreseeable future.” The acquisition...
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