PPG Industries acquires SigmaKalon Group

PPG Industries acquired SigmaKalon Group for approximately EUR 2.2 billion (including assumed debt), a transaction completed in January 2008, structured as all cash.

SigmaKalon Group operates in Coatings (architectural, industrial, protective & marine), is based in Uithoorn, the Netherlands (Europe). SigmaKalon Group, a worldwide coatings producer based in Uithoorn, the Netherlands, acquired from global private investment firm Bain Capital. The business substantially expanded PPG's European architectural coatings footprint and added industrial and protective & marine coatings lines.

The SigmaKalon business has performed well financially and would be a strong complement to our existing coatings businesses. It would give us an excellent footprint in the European architectural coatings segment, where today we have a very nominal participation.

Added a European architectural coatings platform where PPG previously had only nominal participation, expanding the global coatings portfolio by more than 40 percent. Coatings segments (architectural, industrial, protective & marine)

The SigmaKalon business has performed well financially and would be a strong complement to our existing coatings businesses. It would give us an excellent footprint in the European architectural coatings segment, where today we have a very nominal participation. This acquisition would give us a more balanced coatings business in Europe, approximately doubling our European sales, and expand our global coatings portfolio by more than 40 percent.Charles E. Bunch, Chairman and CEO, PPG Industries

Advisory firms were not disclosed for this transaction.

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