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Bain Accepts PPG Offer

10:31 AM MDT | October 16, 2007 | Chemical Week Editorial Staff

PPG Industries says that Bain Capital has accepted PPG’s offer of €2.2 billion ($3.12 billion) to acquire SigmaKalon. “The process of consulting with and obtaining advice from the relevant employee representative bodies was cooperative and constructive,” says Michael H. McGarry, v.p./coatings and managing director, PPG Europe. SigmaKalon produces architectural, protective, marine, and industrial coatings, and is a leading coatings supplier in Europe and other markets worldwide. PPG says the acquisition will give it a stronger, more balanced...

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