June 11, 2015—PPG Industries announced today that it has reached an agreement to acquire IVC Industrial Coatings. The transaction is expected to close in the third quarter, subject to closing conditions.
“Acquiring IVC, which has a large, global distribution footprint, will strengthen our ability to serve a variety of end-use markets and enhance PPG’s supply positions in the U.S. and China,” said Shelley Bausch, PPG vice president, global industrial coatings. “The addition of IVC's high-quality products and industry expertise will further enhance PPG's ability to deliver a robust portfolio of industry-leading industrial coatings solutions."
Financial terms were not disclosed.