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John S. Forrester
May 18, 2021
1 Min Read
Image courtesy of PPG Industries
American paints, coatings, and materials supplier PPG Industries announced Monday that it has closed its purchase of industrial and automotive coatings manufacturer Wörwag. The Stuttgart, Germany-based company produces sustainable liquid, powder, and film coatings and has facilities in Germany, the US, China, South Africa, Mexico, Spain, Switzerland and Poland.
“The acquisition of Wörwag is another step forward in PPG’s strategic growth plan that will provide further value to our customers and shareholders,” Rebecca Liebert, executive vice president at PPG, said in a company release. “Both companies have a strong history of providing high-quality and sustainable solutions. Wörwag’s customer and product footprint, sustainability focus, and customer-centric approach are highly complementary to PPG’s business. We look forward to serving both PPG and Wörwag customers in new ways, and continuing to develop an industry-leading automotive coatings portfolio.”
PPG entered into a definitive agreement to purchase the German firm in January. The firm generated an estimated €220 million in revenue in 2020. About 1,110 workers are employed across Wörwag’s footprint.
Wörwag generated an estimated €220 million in revenue in 2020.
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