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PPG to Acquire DEUTEK, a Paint and Architectural Coatings Manufacturer

Published on 2016-11-02. Author : SpecialChem

PITTSBURGH -- PPG has announced that it has reached an agreement with the Emerging Europe Accession Fund (EEAF) to acquire DEUTEK S.A., one of the leading Romanian paint and architectural coatings manufacturers. PPG expects the transaction to close in the first quarter 2017, following the receipt of regulatory approvals and satisfaction of customary closing conditions. Financial terms were not disclosed.

Expanding PPG’s Presence in Romania

Architectural coatings
DEUTEK S.A. is one of the leading Romanian paint
and architectural coatings manufacturers.

DEUTEK, established in 1993, manufactures and markets a large portfolio of well-known professional and consumer paint brands, including OSKAR and Danke. The company’s products are sold in more than 120 do-it-yourself stores and 3,500 independent retail outlets in Romania. DEUTEK, which is currently owned by EEAF, reported sales of 30 million euros in 2015.

DEUTEK is a well-managed business with a long heritage of excellent customer service and a portfolio of leading, well-recognized brands in Romania,” said Jean-Marie Greindl, PPG senior vice president, global architectural coatings, and president, PPG Europe, Middle East and Africa (EMEA). “The acquisition adds the fastest-growing paint brands in Romania, where PPG has only a small presence in architectural coatings.”

About DEUTEK

DEUTEK S.A. is one of the most dynamic companies operating on the decorative paints market, being as a matter of fact one of the top producers in Romania.

About PPG

PPG works every day to develop and deliver the paints, coatings and materials that its customers have trusted for more than 130 years. Through dedication and creativity, it solves its customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, it operates and innovates in more than 70 countries and reported net sales of $14.8 billion in 2015. It serves customers in construction, consumer products, industrial and transportation markets and aftermarkets.

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Source: PPG
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