PPG Industries today announced that it has completed its previously announced acquisition of substantially all of the assets of Hi-Temp Coatings Technology Co., Inc., a privately-owned supplier of high-temperature-resistant and insulative coatings, based in Boxborough, Mass. Financial terms were not disclosed.
The acquisition enhances the product portfolio of PPG’s protective and marine coatings business, adding coatings that withstand extreme temperatures to protect both carbon steel and stainless steel substrates. The coatings are used widely in refineries, petrochemical plants, pulp and paper mills, and power plants.
“With the acquisition of Hi-Temp and its unique technologies, we offer even more high-quality solutions for a variety of customers, including those in the petrochemical industry,” said Tim Knavish, PPG vice president, protective and marine coatings. “We look forward to leveraging these products for multiple growth opportunities for PPG’s business.”
PPG is a world leader in protective and marine coatings, with products protecting customers’ energy, infrastructure and marine industry assets in some of the world’s most demanding conditions and environments. Featured lines include the AMERCOAT®, PITT-CHAR® and SIGMA COATINGS® brands. For more information, visit www.ppgpmc.com.
Source: http://www.ppg.com/