PPG Completes Acquisition of High-Heat-Resistant Coatings Supplier

摘要

PPG Industries has completed its previously announced acquisition of substantially all of the assets of Hi-Temp Coatings Technology Co., Inc., a privately-owned supplier of high-temperature-resistant and insulative coatings, based in Boxborough, Massachusetts. Financial terms were not disclosed. The acquisition enhances the product portfolio of PPG's protective and marine coatings business, adding coatings that withstand extreme temperatures to protect both carbon steel and stainless steel substrates. The coatings are used widely in refineries, petrochemical plants, pulp and paper mills and power plants.