PITTSBURGH – PPG Industries has completed its acquisition of IVC Industrial Coatings Inc., a U.S.-based specialty powder and liquid coatings manufacturer with 2014 sales of more than $100 million. Financial terms were not disclosed.
IVC, based in Brazil, IN, focuses on the development, manufacture and sale of powder and liquid coatings for the general industrial segment. Its industry-leading coatings are used on a wide variety of products, including metal office furniture, material handling and storage products, automotive parts, motorcycles, industrial containers, small appliances and electronics such as printers, servers and audio-visual equipment. IVC employs more than 300 people and operates five plants in the United States (two in Brazil, IN; and one each in Grand Haven, MI; Atlanta, GA; and Casa Grande, AZ), one plant in Guangdong, China, and a small development lab in Manchester, England. The company also has operations in Malaysia through a joint venture.
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