PPG Industries has completed its previously announced acquisition of certain assets of Spraylat Corp.,a privately-owned industrial coatings company based in Pelham,NY.Financial terms were not disclosed.
The acquisition furthers the capabilities of PPG's industrial coatings business for both liquid and powder coatings.Spraylat coatings products are used in industrial markets such as automotive parts,architectural powder coatings,transportation,and general industrial niches such as electronic device,metal office furniture and storage,and sign coatings.The company had annual sales of approximately$125 million in 2011.
Source:
http://www.coatingsworld.com/contents/view_breaking-news/2012-12-20/ppg-completes-acquisition-of-spraylat/
