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New Deal


Announced

PPG Industries acquired SEM Products Inc.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

automotive refinishes

Pending

Friendly

Private

Single Bidder

United States

Automobiles

Synopsis

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PPG Industries acquired SEM Products Inc, a U.S.-based manufacturer of specialized automotive refinish products. Financial terms were not disclosed. “PPG’s acquisition of SEM will complement our current automotive refinish product offering and add specialized, value-added products that address the needs of distributors and body shops,” said Gary Danowski, PPG vice president, automotive refinish. “SEM has a history of strong returns and will provide our valued refinish customers with an excellent product portfolio to get collision jobs done faster by increasing efficiency and throughput.”

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