PPG Completes Acquisition of Coatings Manufacturer VersaFlex
February 22 2021 - 8:31AM
Business Wire
PPG (NYSE:PPG) today announced that it has completed its
acquisition of VersaFlex from DalFort Capital Partners. VersaFlex
specializes in polyurea, epoxy and polyurethane coatings for water
and wastewater infrastructure, flooring, transportation
infrastructure, and industrial applications. Financial terms were
not disclosed.
VersaFlex is an aggregation of four U.S.-based protective
coatings companies, consisting of legacy VersaFlex, Raven Lining
Systems, Milamar Coatings and Specialty Products, Inc. The company
has approximately 130 employees and three manufacturing sites
located in Kansas, Oklahoma and Washington. Its full year 2020
revenue was approximately $70 million.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the
paints, coatings and materials that our customers have trusted for
more than 135 years. Through dedication and creativity, we solve
our customers’ biggest challenges, collaborating closely to find
the right path forward. With headquarters in Pittsburgh, we operate
and innovate in more than 70 countries and reported net sales of
$13.8 billion in 2020. We serve customers in construction, consumer
products, industrial and transportation markets and aftermarkets.
To learn more, visit www.ppg.com.
About DalFort Capital Partners
DalFort Capital Partners is a sector-focused investment firm
based in Dallas, Texas, specializing in partnering with
entrepreneurs and management teams in the lower middle market. The
company works collaboratively to strengthen a company's strategic
and financial position through operational improvements and
acquisitions of complementary businesses. DalFort specialize in
identifying and executing strategic add-on acquisitions for our
portfolio companies that enhance the company's relationship with
existing customers and expand its reach into new geographies or
market niches.
We protect and beautify the world is a trademark and the PPG
Logo is a registered trademark of PPG Industries Ohio, Inc.
CATEGORY Protective and Marine Coatings
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version on businesswire.com: https://www.businesswire.com/news/home/20210222005060/en/
Media Contact: Mark Silvey Corporate Communications
+1-412-434-3046 silvey@ppg.com
Investor Contact: John Bruno Investor Relations
+1-412-434-3466 jbruno@ppg.com investor.ppg.com
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