PPG Completes $65 Million Acquisition
PPG announced it has completed the acquisition of Ozark Materials LLC, a United States-based provider of pavement marking solutions, from Ingevity Corporation.
The all-cash transaction includes a purchase price of $65 million, subject to customary adjustments.
Ozark Materials serves customers across the United States and Canada and has approximately 130 employees. The company’s operations and customer base align with PPG’s Traffic Solutions business.
Company officials said the acquisition is intended to expand PPG’s ability to serve customers in the pavement markings segment while strengthening its presence across North America.
PPG said the transaction supports its long-term strategy to grow its pavement marking business and deliver solutions for public- and private-sector customers.
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