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Markets :: Specialty Chemicals :: Paints and Coatings
PPG to acquire heat-resistant industrial coatings maker
2:08 PM MST | February 3, 2014 | Francinia Protti-Alvarez
PPG Industries has reached a definitive agreement to acquire Hi-Temp Coatings Technology (Boxborough, MA), a privately held maker of high-temperature-resistant and insulative coatings, PPG says. The transaction is expected to close in the first quarter, subject to customary closing conditions. Financial terms have not been disclosed. Hi-Temp has fewer than 15 employees, says a PPG spokesperson. Hi-Temp supplies coatings that withstand extreme temperatures to protect both carbon steel and stainless steel substrates. The company’s coatings are used...
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