PPG to buy SigmaKalon for €2.2bn

04 October 2007 16:07  [Source: ICIS news]

TORONTO (ICIS news)--PPG Industries has reached an agreement with private investment firm Bain Capital to buy SigmaKalon for €2.2bn ($3.1bn), including assumed debt, the US chemicals, coatings and glass maker said on Thursday.

 

PPG said in July it was negotiating the acquisition of Netherlands-based SigmaKalon, a producer of architectural, protective, marine and industrial coatings.

 

SigmaKalon employs some 10,000 people worldwide and has annual sales of about €1.9bn.

 

($1 = €0.71)

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Author: Stefan Baumgarten
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