Aerospace Specialty Coatings Company, Deft, to Be Acquired by PPG

PPG Industries today announced that it has reached a definitive agreement to acquire certain assets of Deft Incorporated, a privately-owned specialty coatings company based in Irvine, Calif. Deft’s primary business is supplying structural primers and military topcoats to the North American aviation industry, and it has smaller architectural and industrial coatings businesses.

“Acquiring Deft will advance PPG’s strategy to remain a leading aerospace coatings supplier,” said Barry Gillespie, PPG vice president, aerospace. “Deft’s waterborne and chrome-free technologies complement PPG’s existing coatings capabilities and will provide PPG with a broader product portfolio, particularly within the aerospace industry.”

Gillespie added, “The aviation industry continues to drive toward improved environmentally sustainable solutions, and both PPG and Deft have long histories of developing technologies that support this trend. Deft’s ‘green’ coating systems support PPG’s ongoing commitment to sustainability, and we will be able to offer an even wider selection of innovative coatings that benefit our customers and lessen the impact on the environment.”

The transaction is expected to close in the second quarter subject to customary closing conditions. Financial terms were not disclosed.

PPG Aerospace is the aerospace products and services business of PPG Industries and a diverse, global supplier with 18 coatings facilities around the world. PPG Aerospace – PRC-DeSoto is the leading global producer of aerospace sealants, coatings, and packaging and application systems. PPG Aerospace – Transparencies is the world’s largest supplier of aircraft windshields, windows and canopies.

Source: http://www.ppg.com/

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    PPG Industries Inc.. (2019, February 09). Aerospace Specialty Coatings Company, Deft, to Be Acquired by PPG. AZoM. Retrieved on September 28, 2022 from https://www.azom.com/news.aspx?newsID=36371.

  • MLA

    PPG Industries Inc.. "Aerospace Specialty Coatings Company, Deft, to Be Acquired by PPG". AZoM. 28 September 2022. <https://www.azom.com/news.aspx?newsID=36371>.

  • Chicago

    PPG Industries Inc.. "Aerospace Specialty Coatings Company, Deft, to Be Acquired by PPG". AZoM. https://www.azom.com/news.aspx?newsID=36371. (accessed September 28, 2022).

  • Harvard

    PPG Industries Inc.. 2019. Aerospace Specialty Coatings Company, Deft, to Be Acquired by PPG. AZoM, viewed 28 September 2022, https://www.azom.com/news.aspx?newsID=36371.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit