PITTSBURGH — PPG Industries has reached agreement to acquire Protec Pty. Ltd., based in Adelaide, Australia, and all assets of Fortec Paints Ltd., Protec’s New Zealand business. The transaction is expected to close late this month.
Protec is a manufacturer and distributor of automotive refinish coatings and light industrial and high performance coatings, serving Australia and New Zealand. The company employs approximately 214 people, has one manufacturing facility in Adelaide and operates 14 company-owned service centers.
Terms of the acquisition were not disclosed.
PPG also completed its previously announced acquisition of the Performance Coatings and Finishes business of Ameron International Corporation in Pasadena, CA. The business employs approximately 700 people, and had sales of $210 million in 2005. The company operates manufacturing sites in the United States, Europe, Australia and New Zealand, in addition to warehouses and offices around the world.
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