PPG acquires alpha, a light industrial powder coating manufacturer

Since the beginning of the year, PPG has acquired another company, following the acquisition of ICR, a manufacturer of automotive touch up and light industrial coatings On February 5, PPG announced that it had reached a final agreement to acquire alpha coating technologies, LLC ("alpha"), a powder coating manufacturer for light industry and thermal base materials The deal is expected to be completed in the first quarter of 2020, based on customary closing conditions The financial terms have not been disclosed Alpha, founded in 2000, is committed to the development, manufacture and sale of powder coatings for light industrial applications, including MDF and thermosensitive substrates, as well as the production of powder coatings for metal and light industrial applications Alpha has about 35 employees at its plant in West Chicago, Illinois Kevin Braun, vice president of PPG Americas industrial coatings, said: "Alpha's first-class service, technology and fast turnaround color matching function will be a strategic supplement to PPG We are very pleased to welcome alpha to the PPG family and continue to provide our customers with excellent products and services " According to the annual report of 2019, the net sales of ppg2019's continuing operations was about $15.1 billion, down 1.5% from the previous year; the net income of the year's continuing operations was $1.2 billion