PPG Industries to Buy Specialty Materials Maker Dexmet Corp.
July 22 2019 - 09:17AM
Dow Jones News
By Colin Kellaher
PPG Industries Inc. (PPG) on Monday said it agreed to buy Dexmet
Corp., a maker of specialty materials, from private-equity firm
Sverica Capital Management LP for an undisclosed amount.
The Pittsburgh paint maker said Dexmet, based in Wallingford,
Conn., has 75 employees and specializes in metal foils and polymers
used for aerospace, energy storage and other industrial
applications.
PPG said it expects to complete the acquisition in the third
quarter.
Sverica, which makes equity investments of $10 million to $40
million in companies with enterprise values of less than $100
million, acquired Dexmet from MCM Capital Partners in 2013.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 22, 2019 09:02 ET (13:02 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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