work with top academic institutions like MIT to continue
to explore the science of coatings,” said Panos Kordomenos,
Axalta’s senior vice president and chief
technology officer. “This collaborative
research integrates expertise, coating applications and rheology that will help us
continue to make advances.
PPG to Acquire Pittsburgh-
based Architectural Paint
Distributor Westmoreland
Supply
PPG Industries’ North American architectural coatings business has reached
a definitive agreement to acquire
Westmoreland Supply, an independent
architectural paint distributor headquartered in Pittsburgh. The transaction is
expected to close in the fourth quarter,
subject to customary closing conditions.
Financial terms were not disclosed. The
acquisition of Westmoreland Supply,
which operates a 12-store network
throughout Western Pennsylvania and
West Virginia, will expand PPG’s North
American company-owned stores footprint. Following completion of the acquisition, the locations will operate as part of
PPG’s network of more than 900 company-owned stores in North America, and
will be rebranded under the company’s
new PPG Paints store brand.
“The acquisition of Westmoreland
Supply further strengthens PPG’s company-owned stores network,” said Scott
Sinetar, PPG vice president, architectural
coatings, North America. “Customers who
know Westmoreland Supply will continue
to benefit from a great product selection
and excellent customer service. Customers
will also have access to the consistent, integrated experience PPG delivers through
its network of PPG Paints stores.”
Tikkurila to Purchase ISO
Paint Nordic
Tikkurila will acquire the business of ISO
Paint Nordic A/S, a compnay that focuses
on developing, manufacturing and selling
energy-efficient and environmentally sustainable coatings.
The acquisition will complement
Tikkurila’s professional product range,
For example, the products reduce the
amount of heating or cooling energy
needed in buildings.
“This acquisition supports our prof-
itable growth strategy well. Demand for
energy-efficient and eco-efficient solu-
tions has clearly grown in the recent
years, and we expect this positive trend
to continue,” said Erkki Järvinen, presi-
dent and CEO of Tikkurila. “Customers
are expecting to receive increasingly
comprehensive coatings solutions from
one supplier. This acquisition also caters
to their wishes, and it is a logical exten-
sion to Tikkurila’s June purchase of the
Swedish KEFA Drytech AB, which spe-
cializes in functional products, such as
mold protection.”
ISO Paint Nordic is the market leader
in its sector in Scandinavia. The rev-
enue of the acquired business amounted
to approximately € 7. 5 million in 2013
and it had approximately 20 employees.
The company has a modern and effi-
cient production facility in Lunderskov,
Denmark. The company’s products are
sold in about 20 countries. In addition
to the Nordic countries, its main mar-
kets include Germany, France, Great
Britain, the Netherlands, and Australia.
ISO Paint Nordic is a family business es-
tablished in 1999.
PPG Makes Donation to
WISER Program
The PPG Industries Foundation has donated $5,000 to Case Western Reserve
University (CWRU) for its Women in
Science and Engineering Roundtable
(WISER) program. The funding, on behalf
of PPG Industries’ automotive coatings
facilities in Cleveland and Euclid, Ohio,
supports development-related activities
for women majoring in disciplines related
to science, technology, engineering, mathematics and medicine (STEMM).
“We are very grateful for PPG’s do-
nation, which helps WISER continue
to provide experiences for undergradu-
ate women that will positively influence
their pursuit of STEMM-related majors
and careers,” said Shannon B. Lundeen,
WISER is a student group that of-
fers women pursuing STEMM-related
degrees at CWRU a supportive learning
community and the tools they need to
succeed. The program promotes students’
academic excellence by engaging them in
professional and peer mentoring relation-
ships, as well as community outreach, to
encourage the next generation of women
in STEMM.
“Because we value programs that
help prepare tomorrow’s STEMM leaders, PPG is excited to be building a relationship with WISER and Case Western
Reserve,” said Robin Tanaka, PPG plant
manager at the Euclid, Ohio, manufacturing facility. “Our support will expand
learning opportunities for young women
at CWRU and grow our ties with this
well-respected research institution. We
are proud to help grow students’ interest
in STEMM careers and encourage them
to share that enthusiasm in the community and in their careers.”
Michigan-Based Coatings
Lab Launches New
Company Name
Formerly known as the Polymers &
Coatings Group of Stonebridge Technical
Enterprises, Ltd., Stonebridge Coatings
Laboratory, Inc. has officially released its
new company name and website, www.
stonebridgelabs.us.
Founded in Fenton, Michigan, in 2003,
Stonebridge Coatings Laboratory, Inc.
provides independent testing and product
development services for the coatings and
related industries. Stonebridge strives to
help companies assess the usefulness of
new ideas, technologies, and products,
while providing independent testing for
coatings and raw material manufacturers.
Stonebridge Coatings Laboratory, Inc.
services include project design and management and new product development
and testing, among others:
