PPG acquires Netherlands paint wholesaler
PPG, the paint and coatings manufacturer, is acquiring ProCoatings, a leading architectural paint and coatings wholesaler located in the Netherlands.
PPG said it expects the transaction to close in the first quarter 2018, subject to customary closing conditions. Financial terms of the transaction were not disclosed.
ProCoatings, established in 2001, distributes a large portfolio of professional paint brands through its network of 23 multi-brand stores. The company employs nearly 100 people.
“ProCoatings is a well-managed business, providing excellent customer service to a diverse portfolio of customers in the west and north of The Netherlands,” said Jean-Marie Greindl, PPG senior vice president, global architectural coatings, and president, PPG Europe, Middle East and Africa (EMEA). “This acquisition will provide our business with even greater opportunities to support our customers and strengthen our presence in this important market.”
Based in Pittsburgh, PPG already employs nearly 1,000 people in the Netherlands and operates facilities in Tiel, Delfzijl, Amsterdam, Uithoorn, and Den Bosch.
PPG had net sales of $14.3 billion in 2016 and operates in more than 70 countries.