logo
Plus   Neg
Share
Email

PPG To Acquire Germany-based Coatings Manufacturer Wrwag - Quick Facts

PPG Industries Inc. (PPG), a manufacturer of paints, coatings, and specialty materials, said Monday it has agreed to acquire Wrwag, a Germany-based manufacturer of coatings for industrial and automotive applications. The transaction is expected to close in the first half of 2021.

Wrwag is a family-owned company headquartered in Stuttgart, Germany, founded in 1918. The company employs about 1,100 people globally and its full year 2020 revenue is expected to be about 220 million euros.

Wrwag operates locations in Germany, the U.S., China, South Africa, Mexico, Spain, Switzerland and Poland.

"Wrwag's industry expertise in powder and liquid coatings for industrial and automotive applications is highly complementary to PPG's business, and will help to further expand our product offering," said Rebecca Liebert, PPG executive vice president.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Chipotle Mexican Grill, Inc. is teaming with e.l.f. Cosmetics to launch a limited edition beauty collection on March 10, aiming to support plant-based lifestyles and responsibly-sourced products. The e.l.f. x Chipotle makeup collection will comprise cruelty-free and vegan products inspired by Chipotle's responsibly-raised food. The United Kingdom's Competition and Markets Authority (CMA) has launched an investigation into technology giant Apple Inc. (AAPL) following complaints that its terms and conditions for app developers are unfair and anti-competitive. iPhone maker Apple also operates the App Store, which is the only... Supermarket chain Kroger Co. on Thursday reported that it posted a loss for the fourth quarter compared to a profit last year, hurt by pension plan withdrawal liabilities. Adjusted earnings per share topped analysts' estimates, while quarterly revenues missed it. However, the company initiated adjusted earning guidance for the full-year 2021, well above analysts' estimates.
Follow RTT