Acquires Coatings Producer
Pittsburgh-based PPG Industries today announced that it has acquired
SigmaKalon Group, a worldwide coatings producer based in the Netherlands,
from global private investment firm Bain Capital. The total transaction
value, including assumed debt, was approximately €2.2 billion (US$3.2
In addition, PPG named SigmaKalon Group's former chief executive
officer, Pierre-Marie De Leener, as PPG senior vice president, architectural
coatings, Europe/Middle East and Africa (EMEA). The company stated
that it had formed a new PPG strategic business unit (SBU), architectural
coatings, EMEA, which will also be its own reporting segment.
HERE to read about PPG's acquisition of SigmaKalon Group.
HERE to read about De Leneer's appointment as PPG senior vice
president, architectural coatings, EMEA.
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