PPG Industries Makes Bid for SigmaKalon
PITTSBURGH
- PPG Industries has announced an offer to purchase SigmaKalon Group, a
worldwide coatings producer based in Uithoorn, the Netherlands, from global
private investment firm Bain Capital. The total transaction value, including
assumed debt, is €2.2 billion. Bain Capital has granted a period of
exclusivity to PPG Industries and intends to respond to the offer after
discussions with appropriate employee representative bodies. Should Bain
Capital accept the offer, the acquisition would be subject to customary
conditions, including receipt of regulatory approval.
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