PPG Industries’ coil and extrusion coatings group announced that its line of fluoroethylene vinyl ether (FEVE)-based powder coatings will again be marketed under the CORAFLON® brand name, reversing a previous decision to sell them under the NEWLAR™ brand name that PPG acquired with the purchase of Spraylat Corp. last December.
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.
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.
Steve Markevich has joined Axalta Coating Systems, a leading global supplier of liquid and powder coatings, as Senior Vice President of the company and President of its OEM coatings segment.