By Bowdeya Tweh

ACQUIRER: PPG Industries Inc. (PPG)

TARGET: SEM Products Inc., a South Carolina-based manufacturer of repair and refinish products for automotive and other transportation applications.

PRICE: Terms not disclosed.

STATUS: Signed agreement.

RATIONALE: SEM will "complement our current automotive refinish product offering and add specialized, value-added products that address the needs of distributors and body shops," said Gary Danowski, PPG vice president of automotive refinish, in prepared remarks.

CLOSING: Fourth quarter 2018.

Write to Bowdeya Tweh at bowdeya.tweh@wsj.com

(END) Dow Jones Newswires

October 18, 2018 08:48 ET (12:48 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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