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Announced

Completed

PPG Industries completed the acquisition of ICR.

Financials

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

Tags

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Majority

Paints & Coatings

Friendly

industrial coatings

Private

Single Bidder

Italy

Paints and Coatings

paints

Acquisition

Completed

Cross Border

Synopsis

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PPG Industries, a global supplier of paints, coatings and specialty materials, completed the acquisition of Industria Chimica Reggiana, a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries. Financial terms were not disclosed. “PPG’s acquisition of ICR will complement our current product offering for the automotive refinish and light industrial coatings industries and add specialized, value-added products that address the needs of distributors and body shops. We look forward to continuing to deliver the trusted products and services upon which ICR customers have come to rely, and we are very excited to welcome ICR employees to PPG," Gary Danowski, PPG Vice President, Global Automotive Refinish.

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