The Valspar Corp., a leading manufacturer of paints and coatings, has completed the previously announced acquisition of Inver Holding S.r.l. (Inver Group), an industrial coatings manufacturer in Europe.
PPG Industries recently reported record second quarter net sales in 2013 of $4.1 billion, up 16 percent versus the prior year. Second-quarter 2013 reported net income from continuing operations was $341 million, or $2.35 per diluted share.
Paint and coatings manufacturer Kansai Plascon Africa Limited has partnered with Astra management and staff to acquire a 63.25 percent interest in the issued share capital in Astra Industries Limited from the Finance Trust of Zimbabwe (Private) Limited.
Private equity firm Arsenal Capital Partners (Arsenal) has completed the acquisition of ADCO Global Inc. (ADCO Global), a global provider of specialty sealants, tapes and adhesives.
Coating formulators are reducing solvent content to comply with more stringent environmental regulations on VOC emissions, constraining the performance of new protective and marine coatings.
