This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies By closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
PPG Pairs Up With Chinese Architectural Coatings Maker
July 1, 2006
PITTSBURGH - PPG Industries is expanding its presence in the Chinese architectural coatings market with an agreement to acquire certain assets of Shanghai Sunpool Building Material Co., Ltd., and its associated companies, including Shanghai IDI International Co., Ltd., and a group of Shanghai-based businesses that manufacture and distribute coatings and building materials. Terms were not disclosed.
The acquisition will include the O'need and Kaleidoscope brands as well as certain manufacturing assets at IDI's production facility, and a network of warehouses throughout China. J. Rich Alexander, PPG senior vice president for coatings said that Xun Wang, who founded IDI in 1993, would join PPG as its managing director of architectural coatings in China.
Share This Story
You must login or register in order to post a comment.
Report Abusive Comment