PPG Buys Paintmaker in Brazil as Acquisition Spree Continues

PPG Industries says it has acquired the architectural and industrial coatings business of Renner Sayerlack (Gravatai, Brazil). Terms of the transaction were not disclosed, but analysts estimate Sayerlack has annual sales of about $150 million. “This acquisition will strengthen our ability to grow our architectural and industrial business throughout Latin America,” says Charles E. Bunch, chairman and CEO of PPG. Sayerlack operates manufacturing plants at Gravatai, Brazil; Santiago; and Montevideo, Uruguay. PPG has been active on the acquisition front...

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