PPG to Purchase European Coatings Company
July 1, 2011
PITTSBURGH – PPG Industries has signed an agreement to acquire Dyrup A/S, a European coatings company based in Copenhagen, Denmark, from its owner, Monberg & Thorsen, a public holding company. The total transaction value, including assumed debt, is around $200 million. Dyrup is a European producer of architectural coatings, in particular wood stains, and specialty products with 2010 sales of approximately €190 million ($270 million).