The Valspar Corp., a leading manufacturer of paints and coatings, has completed the previously announced acquisition of Inver Holding S.r.l. (Inver Group), an industrial coatings manufacturer in Europe.
PPG Industries’ coil and extrusion coatings group announced that its line of fluoroethylene vinyl ether (FEVE)-based powder coatings will again be marketed under the CORAFLON® brand name, reversing a previous decision to sell them under the NEWLAR™ brand name that PPG acquired with the purchase of Spraylat Corp. last December.
PPG Industries recently reported record second quarter net sales in 2013 of $4.1 billion, up 16 percent versus the prior year. Second-quarter 2013 reported net income from continuing operations was $341 million, or $2.35 per diluted share.
Private equity firm Arsenal Capital Partners (Arsenal) has completed the acquisition of ADCO Global Inc. (ADCO Global), a global provider of specialty sealants, tapes and adhesives.