PITTSBURGH – PPG Industries has reached an agreement to acquire certain assets of Spraylat Corp., a privately owned industrial coatings company based in Pelham, NY. The transaction is expected to close in late 2012 subject to regulatory approval and customary closing conditions. Financial terms were not disclosed.
According the company officials, the transaction strengthens PPG’s position in markets such as automotive parts and expands the company’s liquid and powder coatings capabilities. Spraylat holds a strong position in industrial markets including automotive parts, architectural powder coatings, transportation, and general industrial niches, including mirror, electronic device, metal office furniture and storage, and sign coatings.
Spraylat Corp. has production facilities in the United States, Europe and China. The company specializes in high-quality industrial liquid and powder coatings.