PPG recently announced that it has reached a definitive agreement to acquire Whitford Worldwide Co. The transaction is expected to close in the first quarter 2019.
“The acquisition of Whitford will allow PPG to further drive value for its customers and shareholders by enhancing our range of product offerings, research and development capabilities, and global market reach in the growing industrial coatings sector,” said Michael McGarry, PPG chairman and CEO.
“Joining PPG is a giant step forward for Whitford,” said Dave Willis, Whitford’s founder and chairman of the board. “In one fell swoop, we will have access to new technologies, diverse R&D facilities, strong financial support and global coverage in areas where we have wanted to expand, but did not yet have sufficient resources.”