PPG-MetoKote deal is done
<p>PPG’s acquisition of a $200 million U.S.-based global company is in the books</p>
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PPG completed its acquisition of MetoKote Corporation and its affiliates.
MetoKote is a U.S.-based coatings services business with 2015 global sales of approximately $200 million. Financial terms were not disclosed.
MetoKote is headquartered in Lima, Ohio, and has more than 1,500 employees. It applies coatings to customers’ manufactured parts and assembled products. It operates on-site coatings services within several customer manufacturing locations, as well as at regional service centers, located throughout North America and Europe.
With headquarters in Pittsburgh, PPG operates in more than 70 countries and reported net sales of $15.3 billion in 2015.
