PPG acquires Dexmet from Sverica Capital.

PPG, a leading manufacturer of paints, coatings and specialty materials, acquires Dexmet Corporation, a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications. The company is a leader in several critical application areas, including aircraft lightning strike protection from private equity firm Sverica Capital Management. Financial terms were not disclosed. “The acquisition of Dexmet will enable PPG to provide further value to our customers by enhancing our range of product offerings, expanding our research and development capabilities, and increasing our market reach across PPG’s aerospace, automotive and industrial coatings businesses,” said Michael McGarry, PPG chairman and chief executive officer.