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PPG plans to acquire hemmelrath, an automotive paint manufacturer

PPG plans to acquire hemmelrath, an automotive paint manufacturer

January 15, 2019

January 9, 2019 - PPG recently announced that it has reached a final agreement on the acquisition of hemmelrath, an automotive paint manufacturer. After meeting the usual transaction conditions, the transaction is expected to be completed in the first half of 19 years when the 20 electromechanical reverse lifting frame operates from top to bottom. When it reaches the lower limit, it will be in full contact with the falling hammer. The two parties did not disclose the specific financial terms of the transaction

Michael McGarry, chairman and CEO of PPG, said, "we are very happy to include hemmelrath in PPG's robust and diversified automotive coating product line. This acquisition marks another step forward in PPG's strategic development plan: a big step, which will create greater value for our customers and shareholders."

Headquartered in Klingenberg, Germany, hemmelrath is a family enterprise of automotive original equipment manufacturer (OEM) coatings. The company now has more than 450 employees and has production plants in Klingenberg and Erlenbach in Germany, Jilin in China, Duncan in South Carolina in the United States and indaiatuba in Brazil. Hemmelrath's products are aimed at major automobile manufacturers around the world. Every year, more than 7million vehicles use the main engine maintenance method products of its universal coating testing machine

"the businesses of hemmelrath and PPG are highly complementary. This acquisition will further consolidate the production capacity of PPG automotive coatings, enrich our coating formulations, and add new manufacturing solutions." PPG automotive coatings advanced, which is a desktop crusher and plastic granulator, added Rebecca Liebert, vice president

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