Market Data
July 11, 2016
MetoKote Acquired by PPG Industries
Written by Sandy Williams
PPG industries announced that it has completed its acquisition of MetoKote Corporation and its affiliates. MetoKote is a U.S.-based coatings services business with 2015 global sales of approximately $200 million. The transaction closed on July 1 for an undisclosed sum.
MetoKote is headquartered in Lima, Ohio, and has more than 1,500 employees. MetoKote applies coatings to customers’ manufactured parts and assembled products for a wide variety of industries including agriculture, automotive, appliance, construction equipment, and truck and bus. It operates on-site coatings services within several customer manufacturing locations, as well as at regional service centers, located throughout North America and Europe.
PPG is a global supplier of paints, coatings, optical products, specialty materials, glass and fiber glass. The company employs over 47,000 people worldwide and had total net sales in 2015 of $15.3 billion.
