PPG Closes Revocoat Acquisition

(RTTNews) - Protective and decorative coatings company PPG Industries Inc (PPG) on Wednesday said it has completed the acquisition of Revocoat, a supplier of sealants, adhesives and damper products for the automotive industry, from the Axson Group. The financial terms of the deal were not disclosed.

"The addition of Revocoat to our automotive coatings business strengthens PPG's global automotive adhesive and sealants product and technology offerings...," said Cindy Niekamp, PPG senior vice president, automotive original equipment manufacturer (OEM) coatings.

According to PPG, Revocoat, based in France, is a world leader in automotive adhesives and sealants and offers a range of automotive assembly products such as complementary epoxy-based products, polyurethanes and water-based emulsions. Revocoat employs more than 500 people and operates eight manufacturing facilities.