TAGS: Powder Coatings Industrial Coatings
PPG has reached a definitive agreement to acquire Alpha Coating Technologies, LLC (“Alpha”), a manufacturer of powder coatings for light industrial applications and heat sensitive substrates.
“Alpha’s best-in-class service, technology and quick turnaround color matching capabilities will be a strategic complement to PPG,” said Kevin Braun, PPG vice president, Industrial Coatings, Americas. “We are pleased to welcome Alpha into the PPG family and continue providing our customers with outstanding products and services.”
Transaction to Close by First Quarter of 2020
The transaction is expected to close in the first quarter of 2020, and subjected to customary closing conditions.
Alpha focuses on the development, manufacturing and sale of powder coatings for light industrial applications; medium density fiberboard and heat sensitive substrates; and toll manufacturing powder coatings for metal and light industrial applications.
Source: PPG