PPG Divests Traffic Solutions Operations in Australia and New Zealand
PPG announced that it has divested all traffic solutions operations in Australia and New Zealand to Geveko Markings, a pavement markings specialist headquartered in Sweden. Financial terms of the agreement were not disclosed.
The transaction includes a production, quality control and R&D facility in Ingleburn, Australia; a production facility in Dandendong, Australia; sales offices in Sydney and Auckland, New Zealand; and warehouses in Brisbane and Perth, Australia; and Auckland, New Zealand.