PPG acquires light industrial powder paint maker Alpha

Since the, PPG has acquired another business, following the acquisition of ICR, a manufacturer of automotive repair paints and light industrial coatingsFebruary 5, PPG announced that it had reached a final agreement to acquire Alpha Coatings, LLC ("Alpha") for powder coating softer for light industry and thermal substratesThe transaction is expected to close in the first quarter of 2020, as is customaryFinancial terms have not been disclosedFounded in 2000,Alpha is dedicated to the development, manufacture and sale of powder coatings for light industrial applications, including medium-density fiberboards and thermal substrates, as well as the production of powder coatings for metal and light industrial applicationsAlpha employs about 35 people at its plant in West Chicago, Illinois"Alpha's first-class service, technology and fast turnaround color matching capabilities will complement PPG's strategy," said Kevin Braun, vice president of industrial coatings in the Americas atPPGWe are pleased to welcome Alpha to the PPG family and continue to provide our customers with outstanding products and services"
According to the 2019 annual report, PPG's net sales of continuing operations for the full year 2019 were approximately $15.1 billion, down 1.5% from the previous year, and net income from continuing operations for the full year was $1.2 billion