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

 

D+D News

Main News Page


PPG to Sell Plasterboard Unit

Tuesday, January 3, 2017

More items for Good Technical Practice

Comment | More

Following its global restructuring efforts, PPG has announced plans to sell the assets of its Mexico-based Plaka plasterboard and cement-board business to Knauf International GmbH of Germany.

Financial terms of the transaction, announced Dec. 23, were not disclosed.

PPG expects to close the deal in the first half of 2017, subject to regulatory approvals and other customary closing conditions.

Pittsburgh PPG
© iStock.com / titoslack

PPG plans to sell its Mexico-based Plaka business to Knauf International.

The Pittsburgh-based coatings company acquired the Plaka business in 2014 as part of its acquisition of Comex, S.A. de C.V.

Plaka, with approximate sales of $30 million in 2015, manufactures plasterboard, cement board and drywall primarily for the Mexican construction market. The business employs about 200 people and operates a manufacturing facility in Querétaro, Mexico.

Knauf, based in Iphofen, Bavaria, bills itself as a leading manufacturer of insulation materials, drylining systems, plasters and accessories, thermal insulation composite systems, paints, floor screed, floor systems, and construction equipment and tools. Knauf has150 production facilities and sales organizations in more than 60 countries and employs 26,000 people, according to the company's website.

In recent months, PPG has shed its flat glass business and fiber glass operations to focus on core paint, coatings and specialty materials businesses.

   

Tagged categories: Acquisitions; Cement-board cladding; Plasters; PPG; Substrates

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
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!
 

 
Shield Industries, Inc
 
FireGuard® E-84 Intumescent Coating - Shield Industries, Inc
 
Trust the certified protection of the industry’s most innovative intumescent coating FireGuard® E-84 to provide you with the 1 and 2 hour fire ratings you need.
 

 
Keim Mineral Coatings
 
Mineral Silicate Paints + Stains Fuse to Concrete
 
• Forms permanent chemical bonds
• Becomes part of the concrete
• Will never peel
• Looks completely natural
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

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 2012-2018, Technology Publishing Co., All rights reserved