PITTSBURGH – PPG Industries has reached an agreement to acquire Bairun, a privately held packaging coatings company in Gaoming District, Foshan, Guangdong in southern China. Financial terms were not disclosed. The deal is expected to close during the current quarter.
Approximately 70 Bairun employees involved with sales, research and development, quality control, technical support, manufacturing, and warehousing will transfer with the business.
PPG’s packaging coatings are used for containers for the beverage, food, cosmetic, pharmaceutical, paint and chemical industries.
PPG to Buy Chinese Packaging-Coatings Producer
October 22, 2010