About This Deal

PPG Industries acquired Cetelon Lackfabrik GmbH, a transaction completed in April 2021, structured as Acquisition of Cetelon Lackfabrik GmbH; financial terms undisclosed..

Cetelon Lackfabrik GmbH operates in Industrial Coatings (Automotive OEM Coatings), is based in Germany. Cetelon develops and manufactures coatings for automotive and light-truck wheel applications, including certain proprietary technologies. Founded in 1948 in Stuttgart, Germany, it operates production and sales offices in Ditzingen, Germany, serving leading wheel suppliers worldwide, and employs about 95 people. PPG reported the business within its automotive OEM coatings operations.

Strengthens PPG's automotive OEM and wheel coatings portfolio with proprietary wheel coating technologies and access to leading global wheel suppliers.

Deal Terms

Acquirer
PPG Industries
Target
Cetelon Lackfabrik GmbH
Value
Not disclosed
Date
April 2021
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
Germany
Segment
Industrial Coatings (Automotive OEM Coatings)
Structure
Acquisition of Cetelon Lackfabrik GmbH; financial terms undisclosed.
Closed
April 16, 2021

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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