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PPG Set to Acquire Paints, Coatings Wholesaler

Monday, January 8, 2018

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Early last week (Jan. 2), global coatings company PPG announced that it had reached an agreement to acquire ProCoatings, a paint and coatings wholesaler based in The Netherlands.

PPG

Early last week (Jan. 2) global coatings company PPG announced that it had reached an agreement to acquire ProCoatings, a paint and coatings wholesaler based in The Netherlands.

Financial terms of the deal with were not disclosed.

About ProCoatings

The newly acquired company employs about 100 people, PPG says, and has a chain of 23 multi-brand stores. The move aims to strengthen PPG’s position in what the firm calls an important market.

“ProCoatings is a well-managed business, providing excellent customer service to a diverse portfolio of customers in the west and north of The Netherlands,” said Jean-Marie Greindl, PPG senior vice president, global architectural coatings, and president, PPG Europe, Middle East and Africa.

To date, PPG employs nearly 1,000 people in The Netherlands and has facilities in Tiel, Delfzijl, Amsterdam, Uithoorn and Den Bosch.

The deal with ProCoatings is set to finalize before the second quarter of 2018.

   

Tagged categories: Acquisitions; Business matters; Business operations; Coatings; PPG

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