PPG to acquire parts of N.Y. industrial coatings maker Spraylat
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PPG this morning said it plans to acquire certain assets of a Spraylat Corp., an industrial coatings maker based in Pelham, N.Y.
Financial terms were not disclosed. The sale is expected to close by the end of the year.
Privately-held Spraylat generated sales last year of $125 million and employs about 300 people in the U.S., Europe, and China. Its coatings are used for auto parts and for industrial applications including electronic devices, metal office furniture and signs.
PPG's sales in 2011 were $14.9 billion. The Downtown-based coatings, glass and chemicals maker is scheduled to report third quarter results Thursday.
First Published October 17, 2012 10:06 am