PPG Industries announced today that it has completed its previously announced acquisition of certain assets of Deft Incorporated, a privately-owned specialty coatings company based in Irvine, Calif. Financial terms were not disclosed.
The acquisition enhances the coatings capabilities of PPG’s aerospace business. Deft products include structural primers and military topcoats for the North American aviation industry. In addition, Deft produces coatings used within the architectural and general industrial markets.
“With the acquisition of Deft, we are now able to offer an even broader portfolio of innovative coatings that benefit our customers and reduce the impact on the environment,” said Barry Gillespie, PPG vice president, aerospace. “Deft’s waterborne and chrome-free technologies complement PPG’s existing coatings capabilities, particularly in the aerospace industry, and support PPG’s ongoing commitment to sustainability.”
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