Ameron Makes Strategic Decision to Sell Coatings Business
PASADENA, Calif. - Ameron International Corp. has agreed to sell its worldwide Performance Coatings & Finishes business ("Coatings") to PPG Industries. The transaction is subject to the terms of the agreement and following regulatory review in Europe.
"We are pleased with the anticipated sale of Coatings," stated James Marlen, Ameron's chairman, president and CEO. "The exit from Coatings will allow us to redeploy resources to Ameron's three remaining consolidated businesses, where we have leadership positions.