About This Deal

PPG Industries acquired Hemmelrath, structured as Acquisition of Hemmelrath's automotive OEM coatings business; completed April 2019, financial terms undisclosed..

Hemmelrath operates in Industrial Coatings (Automotive OEM Coatings), is based in Germany. Hemmelrath, headquartered in Klingenberg, Germany, is a manufacturer of coatings for automotive original equipment manufacturers (OEMs). It employs more than 450 people and operates plants in Klingenberg and Erlenbach (Germany), Jilin (China), Duncan, South Carolina (U.S.) and Indaiatuba (Brazil), with more than 7 million vehicles coated with its products annually. PPG completed the acquisition in April 2019.

Strengthens PPG's automotive OEM coatings business and expands its global manufacturing footprint serving vehicle manufacturers.

Deal Terms

Acquirer
PPG Industries
Target
Hemmelrath
Value
Not disclosed
Date
Not disclosed
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
Germany
Segment
Industrial Coatings (Automotive OEM Coatings)
Structure
Acquisition of Hemmelrath's automotive OEM coatings business; completed April 2019, financial terms undisclosed.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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