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New Deal


Announced

PPG Industries to acquire Whitford Worldwide.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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coatings

Private

Acquisition

Pending

United States

Paints and Coatings

Friendly

Majority

Single Bidder

Synopsis

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PPG Industries, an American Fortune 500 company and global supplier of paints, coatings, and specialty materials, agreed to acquire Whitford Worldwide, a global manufacturer that specializes in low-friction and nonstick coatings for industrial applications and consumer products. Financial terms were not disclosed. “The acquisition of Whitford will allow PPG to further drive value for its customers and shareholders by enhancing our range of product offerings, research and development capabilities, and global market reach in the growing industrial coatings sector,” Michael McGarry, PPG chairman, and chief executive officer.

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