PITTSBURGH – PPG Industries reached a definitive agreement to acquire substantially all of the assets of Hi-Temp Coatings Technology Co. Inc., a privately owned supplier of high-temperature-resistant and insulative coatings, based in Boxborough, MA. The transaction is expected to close in the first quarter, subject to customary closing conditions.
Hi-Temp is a global supplier of coatings that withstand extreme temperatures to protect both carbon steel and stainless steel substrates. The company’s coatings are used widely in refineries, petrochemical plants, pulp and paper mills, and power plants. Hi-Temp’s products, including HI-TEMP® 1027, the industry-leading corrosion under insulation (CUI) coating, can also be applied while equipment is hot and in operation, reducing facility downtime during maintenance.