About This Deal

PPG Industries acquired Futian Xinshi (assets), a transaction completed in January 2017.

Futian Xinshi (assets) operates in Automotive refinish coatings, is based in Guangdong province, China. Certain assets of Futian Xinshi (Futian), an automotive refinish coatings company based in the Guangdong province of China, distributing through a network of more than 200 distributors.

Automotive refinish coatings

Deal Terms

Acquirer
PPG Industries
Target
Futian Xinshi (assets)
Value
Not disclosed
Date
January 2017
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Guangdong province, China
Segment
Automotive refinish coatings
Announced
January 20, 2017
Closed
January 20, 2017

In Their Words

On January 20, 2017, PPG announced that it has acquired certain assets of automotive refinish coatings company Futian Xinshi (Futian), an automotive refinish coatings company based in the Guangdong province of China.PPG FY16 10-K, Acquisitions note

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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