PPG Industries Buys Champion Coatings Assets

Houston-based Champion Coatings manufactures high-performance coatings for the rail, marine and overland industries, with a staff of 35.

The acquired assets include inventory, accounts receivable, selected equipment, brand names, formulations and a customer database. Champion's Houston plant will not be acquired by PPG, but will continue to manufacture Champion products for PPG for the foreseeable future.

Pittsburgh-based PPG Industries (NYSE: PPG) made a similar acquisition in 2006 by adding Ameron's performance coatings and finishes business to boost its presence in the protective and marine coatings market.

Read the entire news on the source link below.

600450 PPG Industries Buys Champion Coatings Assets glassonweb.com
Date: 21 April 2007
Source: Bizjournals.com

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