PPG Industries to Buy Specialty Materials Maker Dexmet Corp.

Date : 07/22/2019 @ 2:17PM
Source : Dow Jones News
Stock : PPG Industries Inc (PPG)
Quote : 110.72  0.0 (0.00%) @ 1:59PM

PPG Industries to Buy Specialty Materials Maker Dexmet Corp.

PPG Industries (NYSE:PPG)
Historical Stock Chart

1 Month : From Jul 2019 to Aug 2019

Click Here for more PPG Industries Charts.

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.

Latest PPG Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.