Durability + Design
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

Durability + Design (D+D)


D+D News

Main News Page


PPG Announces Sale of Plasterboard Unit

Thursday, June 8, 2017

More items for Good Technical Practice

Comment | More

PPG Industries (Pittsburgh) has completed its second divetment of a non-coatings unit in as many weeks with the sale of its Plaka plasterboard and cement-board business to Knauf International GmbH (Iphofen, Germany).

The financial terms of the sale were not disclosed.

PPG Industries

PPG Industries announced the sale of its Plaka plasterboard and cement-board business to Knauf International GmbH.

According to PPG, the Plaka plasterboard business was acquired in 2014 as part of the company's larger acquisition of Consorcio Comex, S.A. de C.V. 

$30 Million Unit

Plaka did $30 million in sales in 2015, according to PPG, and produces cement board, plaster board and drywall for the Mexican market. The business employs 200 people and has two manufacturing locations in Querétaro, Mexico.

Knauf, which bought the business, specializes in gypsum board. The company has 150 locations in over 60 countries.

For PPG, the move is part of an ongoing process to pare down on non-core businesses and focus on businesses for coatings, paints and specialty materials. This process includes the sale of its fiberglass operations and divestment of ownership interests in two Asian fiberglass joint ventures.

Last week, PPG announced the sale of its last remaining fiberglass business to Nippon Glass Co. Ltd. for $54 million.

PPG, which reported $14.75 billion in revenue last year, is the second-largest coatings manufacturer in the world by sales.

   

Tagged categories: Acquisitions; Coating Business; Coatings manufacturers; PPG

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
KTA-Tator, Inc. - Corporate Office
 
KTA Analyzes
Coating Failures
 
• Field Diagnosis
• Lab Diagnosis
• Determination of Cause
• Recommendations
www.kta.com
800-245-6379
 

 
PPG Paints
 
SPEEDHIDE® PRO-EV ZERO INTERIOR PAINT
 
For a dependable, VOC-free interior paint, professionals who are both performance-conscious and cost-conscious rely on PPG PAINTS™ Speedhide Pro-EV zero.
 

 
Pratt & Lambert Paints
 
Trusted Performance with Proven Results
 
Pratt & Lambert’s finest, Accolade® Premium Paint & Primer, applies flawlessly with superb hide and long-lasting durability for great results, every time.
 

 
Novatek Corporation
 
Novatek Portable Air Filtration Systems
 
Air Scrubbers/Negative Air machines for restoration, abatement, dust & odor control, hazardous contaminant removal from job sites to clean rooms and hospitals. Portable, affordable!
 

 
Atlas Material Testing Technology
 
Helping You Put Your Products To The Test
 
  • Outdoor Accelerated Weathering
  • Laboratory Testing Services
  • Accelerated Weathering Instruments

  • www.atlas-mts.com
    atlas.info@ametek.com
 

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@durabilityanddesign.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 

© Copyright 2012-2017, Technology Publishing Co., All rights reserved