TAGS: Architectural Coatings
PPG has announced that it has completed its acquisition of Ennis-Flint. PPG will provide additional details relating to the business acquisition, including acquisition-related financial impacts, during the company’s fourth quarter earnings conference call in January 2021.
Expansion of PPG’s Mobility Technology Solutions
The acquisition of Ennis-Flint will further expand PPG's product offering and opportunities in rapidly developing and high-growth mobility technology solutions.
Ennis-Flint is one of the global leaders in pavement markings and traffic safety solutions with a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems.
The company has approximately 1,000 employees globally, with a network of manufacturing facilities within the United States, Europe, South America, Australia and Asia. Ennis-Flint’s full year of 2020 revenue is expected to be approximately $600 million, with mid-teen percentage EBITDA margins.
A high percentage of Ennis-Flint’s product sales are derived from non-discretionary, essential maintenance spending. Ennis-Flint supplies a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems from a network of manufacturing facilities within the United States, Europe, South America, and Asia.
Source: PPG