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USGNN Original StoryPPG 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 billion).

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.

CLICK HERE to read about PPG's acquisition of SigmaKalon Group.

CLICK HERE to read about De Leneer's appointment as PPG senior vice president, architectural coatings, EMEA.

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