USA: Powder Coatings PPG to Acquire Alpha Coating Technologies
PPG and Alpha have signed a definitive agreement under which the former will take over the powder coatings manufacturing firm. The transaction of the deal is scheduled to close this year.
Pennsylvania/USA – PPG has recently announced that it has reached a definitive agreement to acquire Alpha Coating Technologies (Alpha), a manufacturer of powder coatings for light industrial applications and heat sensitive substrates. The transaction is expected to close in the first quarter of 2020, subject to customary closing conditions. Financial terms were not disclosed.
Founded in 2000, Alpha focuses on the development, manufacture and sale of powder coatings for light industrial applications; medium density fiberboard and heat sensitive substrates; and toll manufactures powder coatings for metal and light industrial applications. Alpha employs approximately 35 people at its operations in West Chicago, Illinois.
“Alpha’s best-in-class service, technology and quick turnaround colour matching capabilities will be a strategic complement to PPG,” said Kevin Braun, PPG vice president, Industrial Coatings, Americas.