About This Deal

PPG Industries acquired Wörwag, structured as Acquisition of Wörwag; announced January 2021 and completed May 2021, financial terms undisclosed..

Wörwag operates in Industrial Coatings, is based in Germany. Wörwag is a global manufacturer of coatings for industrial and automotive applications, specializing in sustainable liquid, powder and film coatings. Founded in 1918 and headquartered in Stuttgart, Germany, it employs about 1,100 people and operates in Germany, the U.S., China, South Africa, Mexico, Spain, Switzerland and Poland. PPG announced the deal in January 2021.

Expands PPG's global industrial and automotive coatings capabilities, adding sustainable liquid, powder and film coating technologies and broadening geographic reach.

Deal Terms

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

Transaction Details

Target HQ
Germany
Segment
Industrial Coatings
Structure
Acquisition of Wörwag; announced January 2021 and completed May 2021, financial terms undisclosed.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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