PPG to purchase IVC Industrial Coatings to strengthen supply to China
Published: Thursday, 11 June 2015
Pittsburgh-headquartered PPG plans to purchase the coatings producer later this year, which will strengthen its presence in the Asian market via IVC’s Chinese and Malaysian operations. With growing coating and pigment demand in China, producers are looking to capitalise on the need for additional supply as demand in other regions fails to pick up.
Pittsburgh, US-headquartered PPG Industries has reached an
agreement to purchase liquid and powder coatings producer IVC
Industrial Coatings for an undisclosed amount in the third
quarter of 2015.
US-based IVC, which focuses on the development, manufacture
and sale of coatings for the general industrial segment, saw
its sales exceed $100m...