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PPG Acquires Hi-Temp, a Supplier of High-heat-resistant & Insulative Coatings

Published on 2014-03-25. Author : SpecialChem

PITTSBURGH -- PPG Industries announced that it has completed its previously announced acquisition of substantially all of the assets of Hi-Temp Coatings Technology Co., Inc., a privately-owned supplier of high-temperature-resistant and insulative coatings, based in Boxborough, Mass. Financial terms were not disclosed.

The acquisition enhances the product portfolio of PPG's protective and marine coatings business, adding coatings that withstand extreme temperatures to protect both carbon steel and stainless steel substrates. The coatings are used widely in refineries, petrochemical plants, pulp and paper mills, and power plants. "With the acquisition of Hi-Temp and its unique technologies, we offer even more high-quality solutions for a variety of customers, including those in the petrochemical industry," said Tim Knavish, PPG vice president, protective and marine coatings. "We look forward to leveraging these products for multiple growth opportunities for PPG's business."

PPG is one of the world leaders in protective and marine coatings, with products protecting customers' energy, infrastructure and marine industry assets in some of the world's most demanding conditions and environments. Featured lines include the AMERCOAT®, PITT-CHAR® and SIGMA COATINGS® brands.

About PPG

PPG is one of the world's leading coatings and specialty products companies. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in nearly 70 countries around the world. Sales in 2012 were $15.2 billion. PPG shares are traded on the New York Stock Exchange.

Source: PPG


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