PPG to Acquire Coatings Application Services Provider in US
PPG Industries Inc (PPG) has reached an agreement to acquire The Crown Group from High Road Capital Partners and Charter Oak Capital Partners.
The Crown Group, headquartered in Warren, Michigan is a coatings application services business. The company is dedicated to providing high-quality, environmentally friendly, and cost-effective solutions to the market requirements for coatings.
The transaction is expected to close in the third quarter 2017.
“Crown is a leader in coatings application and this acquisition will enhance PPG’s ability to service its original equipment manufacturer (OEM) customers,” said Viktor Sekmakas, PPG executive VP.
“Our growing coatings application services capability allows PPG to have a more intimate understanding of our manufacturing customers’ coatings needs and offer enhanced, end-to-end solutions and services,” added Sekmakas.
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