Announced
Financials
Sources
Tags
Acquisition
automotive refinishes
Pending
Friendly
Private
Single Bidder
United States
Automobiles
Synopsis
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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