IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

PPG completes acquisition of marine coatings distributor in Panama

11:31 AM MDT | June 13, 2014 | Francinia Protti-Alvarez

PPG Industries has completed the previously announced acquisition of nearly all of the assets of Canal Supplies Inc. (CSI; Panama City), a privately owned distributor of protective and marine coatings to customers in Central America. Financial terms have not been disclosed. The deal expands PPG's products' access to customers throughout Central America, especially in growth markets for protective and marine coatings, such as Costa Rica and Panama, the company says. The Panama Canal is a major regional economic hub for the protective and marine coatings industry...

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