PPG Acquires Chinese Auto Refinish Coatings Business

PPG Industries says it has acquired the automotive refinish coatings business of Bonny Coating-Made Co. (Guangzhou, China). Terms were not disclosed. The deal includes customer lists, technology, brands and trademarks, working capital, and about 40 employees. The acquisition extends PPG’s distribution network and customer base, PPG says. “The increasing rates of passenger car ownership and vehicle population in China will contribute greatly to sustained future growth,” says J. Rich Alexander, senior v.p./coatings. Meanwhile, PPG completed the...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers