Announced
Completed
Synopsis
PPG Industries, an American Fortune 500 company and global supplier of paints, coatings, and specialty materials, completed the acquisition of Wörwag, a global manufacturer of coatings for industrial and automotive applications. Financial terms were not disclosed. “The acquisition of Wörwag is another step forward in PPG’s strategic growth plan that will provide further value to our customers and shareholders. Both companies have a strong history of providing high-quality and sustainable solutions. Wörwag’s customer and product footprint, sustainability focus and customer-centric approach are highly complementary to PPG’s business. We look forward to serving both PPG and Wörwag customers in new ways, and continuing to develop an industry-leading automotive coatings portfolio," Rebecca Liebert, PPG Executive Vice President.
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