PPG Acquires Danish Architectural Coatings Producer

PPG Industries signed a conditional agreement today with Monberg & Thorsen (Søborg, Denmark) to buy that company's wholly owned subsidiary Dyrup (Copenhagen) for DK1 billion ($200 million) on a debt-free basis. Dyrup, a European producer of architectural coatings, particularly wood stains, and specialty products, reported sales of approximately $270 million in 2010. It employs 950 people and operates six manufacturing facilities in Europe. Durup's portfolio of brands, including Bondex, Gori, and Xylophene, is sold primarily in Denmark, France, Germany...

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