PPG Acquires Coatings Manufacturer Vanex, Inc.
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Expands capabilities, technology in PPG TrueFinish industrial coatings business
PITTSBURGH, July 15, 2008 - PPG Industries (NYSE:PPG) announced today it has acquired Vanex, Inc., of Mount Vernon, Ill. Terms were not disclosed.
Founded in 1964, privately-held Vanex is a supplier of Plascron® and Breakthrough® brand water-based industrial coatings for use on metal, plastic and wood in the structural steel, building systems, construction and fabricated metals industries. Vanex operates one manufacturing facility in Mount Vernon and employs approximately 20 people.
"The addition of the Vanex facility and a strong team of experienced, customer-focused employees will add more capabilities to the PPG TrueFinish business," said Keith Prins, general manager for PPG TrueFinish industrial coatings.
"The Vanex waterborne coatings are a strong complement to the PPG TrueFinish product offering," said William Wulfsohn, PPG senior vice president of coatings. "What's more, this acquisition will enhance our ability to provide fast turnaround and leading-edge technologies to our customers."
The PPG TrueFinish business provides a comprehensive range of liquid and powder coatings to manufacturers, custom coaters and distributors throughout North America.
About PPG
Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company has more than 150 manufacturing facilities and equity affiliates and operates in more than 60 countries. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.
Contact:
Jack Maurer
412-434-2181
jmaurer@ppg.com
