US PPG to acquire assets of aerospace coatings firm Deft

11 April 2013 15:52  [Source: ICIS news]

HOUSTON (ICIS)--PPG Industries has agreed to acquire certain assets of aerospace coatings firm Deft for an undisclosed sum, the US-based coatings and specialty products firm said on Thursday.

“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 transaction is expected to close in the second quarter, subject to customary closing conditions.

Irvine, California-based Deft is a privately-owned specialty coatings company focused on structural primers and military topcoats to the North American aviation industry, and it has a small architectural and industrial coatings businesses.


By: Stefan Baumgarten
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index