PPG to Acquire IVC Industrial Coatings
PPG Industries has reached a de- finitive agreement to acquire IVC Industrial Coatings, Inc., a U.S.-based specialty powder and liquid coatings manufacturer with 2014 sales of
more than $100 million. The transaction
is expected to close in the third quarter,
subject to customary closing conditions.
Financial terms were not disclosed.
IVC is a privately owned company
founded in 1870 as the Indianapolis
Varnish Company. The company, based
in Brazil, Indiana, focuses on the development, manufacture and sale of powder and liquid coatings for the general
industrial segment. Its industry-leading
coatings are used on a wide variety of
products, including metal office furniture,
material handling and storage products,
automotive parts, motorcycles, industrial
containers, small appliances and electronics such as printers, servers and audio-visual equipment. IVC employs more than
300 people and operates five plants in
the U.S. (two in Brazil, Indiana, and one
each in Grand Haven, Michigan; Atlanta,
Georgia; and Casa Grande, Arizona), one
plant in Guangdong, China and a small
development lab in Manchester, England.
The company also has operations in
Malaysia through a joint venture.
“Acquiring IVC, which has a large,
global distribution footprint, will
strengthen our ability to serve a variety of end-use markets and enhance
PPG’s supply positions in the U.S. and
China,” said Shelley Bausch, PPG vice
president, global industrial coatings.
“The addition of IVC’s high-quality
products and industry expertise will
further enhance PPG’s ability to deliver
a robust portfolio of industry-leading
industrial coatings solutions.”
AkzoNobel Expands
Performance Coatings
Research Facility in Houston
AkzoNobel Performance Coatings is in-
vesting approximately € 3 million ($3.4
million) to expand its research and de-
velopment facilities in Houston, Texas.
The upgraded facility will support the
company’s Protective Coatings, Marine
Coatings and Specialty Coatings busi-
nesses. Completion is due in early 2016.
“The expanded facility will provide
a central, state-of-the-art technical re-
source for our businesses in the U.S., cre-
ating the critical mass for effective R&D
to efficiently support our customers,”
said Aidan Mernin, RD&I Director for
Protective Coatings.
The expanded facility will be able to
house up to 35 laboratory staff, with 30
skilled technologists employed initially.
Key capabilities will include a dedicated
area for experimental paint making, a
modern paint application laboratory
and environmentally controlled drying
areas for conditioning of test panels.
Enhanced chemical resistance testing
will also be available to support the
Ceilcote and Enviroline linings ranges
in North America.
“This investment underlines our focus
on technology and product innovation
and providing technical support for our
customers,” said Mauricio Bannwart,
managing director of AkzoNobel’s
Protective Coatings business. “It will be
an integral part of our global RD&I function and will directly contribute to our
overall growth plans.” CW
Index to Companies
This index gives the starting page for a department or feature with a significant reference to a manufacturer of paint, coatings, adhesives and sealants
Subsidiaries are indexed under their own names.
AkzoNobel........................................................................................... 10, 26, 41
Axalta Coating Systems............................................................................. 10, 20
Hempel ........................................................................................................... 26
Jotun ............................................................................................................... 26
PPG................................................................................................ 10, 20, 26, 50
Royal Adhesives and Sealants.......................................................................... 10
RPM ............................................................................................................... 10
Rust-Oleum..................................................................................................... 20
Sherwin-Williams ...................................................................................... 10, 20
Sika ................................................................................................................. 10
Whitford ......................................................................................................... 10
