PPG Acquires CRC, Enters Partnership with Agion - Posted 10/17/07
PPG Industries has acquired certain assets of Coatings Resource Corporation (CRC), Huntington Beach, CA. Terms were not disclosed. In a separate move, PPG has entered a worldwide, multi-year exclusive partnership agreement with Agion Technologies to develop, manufacture, and jointly market PPG’s coatings for use on laptop computers.
PPG Industries has acquired certain assets of Coatings Resource Corporation (CRC), Huntington Beach, CA. Terms were not disclosed.
CRC produces paints, lacquers and varnishes for use on metal and wood industrial and consumer products, including audio-visual equipment, sporting goods and automotive interiors. It also produces injectable colorants, blowing agents, processing aids, ultraviolet (UV) stabilizers and anti-oxidants used on various types of plastics. CRC operates one manufacturing facility in Huntington Beach and employs approximately 30 people. The acquired assets include inventory, accounts receivable, key sales and technical personnel, selected equipment, formulations and customer lists. CRC’s manufacturing plant in Huntington Beach will not be acquired by PPG but will toll manufacture products for PPG for the foreseeable future.
“This acquisition enables PPG to accelerate growth in key strategic markets for its industrial coatings business,” said William Wulfsohn, PPG senior vice president of coatings.
In a separate move, PPG has entered a worldwide, multi-year exclusive partnership agreement with Agion Technologies to develop, manufacture, and jointly market PPG’s coatings for use on laptop computers. The coatings, which feature Agion’s antimicrobial protection, have been developed to work continuously to inhibit the growth of microbes using “nature’s antimicrobial” – naturally-safe silver ion technology.
For more information, visit www.ppg.com. CRC’s website is at www.coatingsresource.com, and Agion Technologies’ website is at www.agion-tech.com.
PPG Industries has acquired certain assets of Coatings Resource Corporation (CRC), Huntington Beach, CA. Terms were not disclosed.
CRC produces paints, lacquers and varnishes for use on metal and wood industrial and consumer products, including audio-visual equipment, sporting goods and automotive interiors. It also produces injectable colorants, blowing agents, processing aids, ultraviolet (UV) stabilizers and anti-oxidants used on various types of plastics. CRC operates one manufacturing facility in Huntington Beach and employs approximately 30 people. The acquired assets include inventory, accounts receivable, key sales and technical personnel, selected equipment, formulations and customer lists. CRC’s manufacturing plant in Huntington Beach will not be acquired by PPG but will toll manufacture products for PPG for the foreseeable future.
“This acquisition enables PPG to accelerate growth in key strategic markets for its industrial coatings business,” said William Wulfsohn, PPG senior vice president of coatings.
In a separate move, PPG has entered a worldwide, multi-year exclusive partnership agreement with Agion Technologies to develop, manufacture, and jointly market PPG’s coatings for use on laptop computers. The coatings, which feature Agion’s antimicrobial protection, have been developed to work continuously to inhibit the growth of microbes using “nature’s antimicrobial” – naturally-safe silver ion technology.
For more information, visit www.ppg.com. CRC’s website is at www.coatingsresource.com, and Agion Technologies’ website is at www.agion-tech.com.
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