PPG Announces Divestment of Certain Business Activities in Africa to Océinde
PARIS — PPG recently announced that it has agreed to divest certain business activities in Senegal, Ivory Coast, Cameroon, Gabon and Algeria to Océinde, an industrial group based in Réunion, France. Océinde will continue to offer the existing range of products, including SEIGNEURIE® paint, through a licensing and distribution agreement.
Océinde has a range of business activities in Europe, the Indian Ocean and Africa, including architectural coatings distribution and manufacturing. This partnership will strengthen a longstanding relationship between the companies, which includes the supply of specialty materials from Océinde to PPG.