PPG Completes Acquisition of Majority Interest in Sealants Business
PITTSBURGH – PPG Industries has completed its acquisition of a majority interest in the aerospace and automotive sealants and adhesives business of Le Joint Français (LJF), a long-term licensee of PPG’s aerospace sealant technology. The new joint venture is called Sealants Europe SAS. Financial terms were not disclosed.
“We are excited about the potential benefits that Sealants Europe SAS holds for customers and our business,” said Michael McGarry, PPG President and Chief Executive Officer. “This venture will deliver enhanced service to our aerospace customers in the region, greater reach to supply sealants and adhesives, and an expanded automotive products portfolio.”