US PPG Industries completes deal for coatings business in Colombia

18 January 2012 15:22  [Source: ICIS news]

HOUSTON (ICIS)--PPG Industries has completed the acquisition of the coatings business of Colombia’s Colpisa Colombiana de Pinturas, including Colpisa Ecuador, the US-based chemicals, paint and coatings firm said on Wednesday.

Financial or capacity details were not disclosed. PPG had announced the planned acquisition in August last year.

As part of the acquisition, PPG took over Colpisa’s coatings manufacturing facility in Itagui, Colombia, which employs about 315 people.

In acquiring Colpisa, PPG becomes a major coatings supplier with a direct automotive original equipment manufacturer (OEM) coatings production presence in Colombia and one of the leading providers of a full line of automotive refinish products in Colombia, it said.

For more on PPG Industries and other producers visit ICIS company intelligence

By: Stefan Baumgarten
+1 713 525 2653

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