PPG Completes Acquisition of Global Coatings Services Provider MetoKote
PPG completes acquisition of global coatings services provider MetoKote
PITTSBURGH, July 6, 2016--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that it has completed its acquisition of MetoKote Corporation and its affiliates. MetoKote is a U.S.-based coatings services business with 2015 global sales of approximately $200 million. Financial terms were not disclosed.
MetoKote is headquartered in Lima, Ohio, and has more than 1,500 employees. MetoKote applies coatings to customers’ manufactured parts and assembled products. It operates on-site coatings services within several customer manufacturing locations, as well as at regional service centers, located throughout North America and Europe.
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 130 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.3 billion in 2015. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
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PPG Media Contact:
Mark Silvey, 412-434-3046
PPG Investor Contact:
Scott Minder, 412-434-3466