IHS Chemical Week

Regions :: China

PPG to Buy Chinese Packaging Coatings Company

5:40 AM MDT | October 26, 2010 | Kerri Walsh

PPG Industries has agreed to acquire Chinese packaging coatings firm Bairun. Financial terms were not disclosed. The deal is expected to close during the current quarter. Bairun has a “solid” position in two large segments in packaging coatings: the monobloc aerosol and tube (MAT); and lug cap, crown and general line (LCG). Those markets complement PPG’s “strength in the food and beverage can segment” in Asia, says Douglas Pegg, v.p./packaging coatings at PPG. “It also provides us with manufacturing capability in southern...

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