PPG - M&A Summary and Business Overview

ChemicalsCompany

PPG M&A Summary

PPG has acquired 48 companies, including 10 in the last 5 years. A total of 12 acquisitions came from private equity firms. It has also divested 5 assets.

PPG’s largest acquisition to date was in 2007, when it acquired SigmaKalon Group BV for $2.5B. It’s largest disclosed sale occurred in 2016, when it sold PPG - Flat Glass & Glass Coatings Operations to Vitro S.A.B. de C.V. for $750M. PPG has acquired in 16 different US states, and 14 countries. The Company’s most targeted sectors include chemicals (80%) and technology hardware (5%).

PPG Business Overview

Where is PPG headquartered?

PPG is headquartered in Pittsburgh, Pennsylvania.

What is PPG’s revenue?

PPG disclosed revenue of 18,246M USD for 2023 and 17,652M USD for 2022.

How many employees does PPG have?

PPG has 50,000 employees.

What sector is PPG in?

PPG is a chemicals company.

When was PPG founded?

PPG was founded in 1883.

M&A Summary

  • M&A Total Activity48
    • M&A Buy Activity43
    • M&A Sell Activity5
  • Total Sectors Invested 9
  • Total Countries Invested 14
  • M&A Buy/Sell Connections 22
  • M&A Advisors 5

PPG

PPG Industries, Inc.

One PPG Place,
Pittsburgh, Pennsylvania 15272
United States,
(412) 434-3131
www.ppg.com

PPG manufactures and distributes a broad range of coatings, specialty materials and glass products. PPG was formed in 1883 and is based in Pittsburgh, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 36 4 3 - - - 43
vol $6.6B $1.2B $7.9B
Sell (0.4/yr) # 3 - - - 1 1 5
vol $1.4B $310M $1.7B
  48

Most Recent M&A

Company Date Value Type
PPG - Silicas Products Business 2024-08-29 310M USD Divestiture
Pittsburgh, Pennsylvania
PPG - Traffic Solutions Operations 2023-10-17 - Divestiture
Ingleburn, Australia
Cetelon Lackfabrik GmbH 2021-04-19 - Divestiture
Ditzingen, Germany · www.cetelon.de
Karl Worwag Lack- und Farbenfabrik GmbH & Co. KG 2021-01-11 - Add-on Acquisition
Korntal-Münchingen, Germany · www.woerwag.com
VersaFlex, Inc. 2021-01-05 - Add-on Acquisition
Kansas, Kansas · www.versaflex.com
Tikkurila Oyj 2020-12-18 1.2B EUR Add-on Acquisition
Vantaa, Finland · www.tikkurila.com
Ennis-Flint, Inc. 2020-11-30 - Add-on Acquisition
Greensboro, North Carolina · www.ennisflintamericas.com
Alpha Coating Technologies, LLC 2020-02-05 - Add-on Acquisition
West Chicago, Illinois · www.alphacoatingtech.com
Industria Chimica Reggiana (ICR) S.p.A 2020-01-08 - Add-on Acquisition
Reggio Emilia, Italy · www.jeccomposites.com
Dexmet Corp. 2019-07-22 - Add-on Acquisition
Wallingford, Connecticut · www.dexmet.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Chemicals 35 (80%) 7.9B (100%) 2 (40%) 310M (18%)
Technology Hardware 2 (5%) - - -
Automotive 1 (2%) - 1 (20%) 635M (37%)
Aerospace 1 (2%) - - -
Building Materials 1 (2%) - - -
Distribution 1 (2%) - - -
Infrastructure 1 (2%) - - -
Manufacturing 1 (2%) - - -
Retail 1 (2%) - - -
Business Services - - 1 (20%) -
Packaging - - 1 (20%) 750M (44%)
Total 44 $7.9B 5 $1.7B

By Geo

State/Country Buy Value Sell Value
United States 25 1.1B 3 1.7B
  Pennsylvania 3 - 3 1.7B
  California 5 - - -
  Ohio 2 - - -
  Massachusetts 2 - - -
  Illinois 2 - - -
  Washington 1 - - -
  Texas 1 - - -
  South Carolina 1 - - -
  North Carolina 1 - - -
  New York 1 - - -
  Michigan 1 - - -
  Kansas 1 - - -
  Indiana 1 - - -
  Connecticut 1 - - -
  Colorado 1 - - -
China 3 - - -
Germany 3 - - -
Taiwan 2 - 1 -
Australia 1 - 1 -
Netherlands 2 2.5B - -
Denmark 1 150M - -
Finland 1 1.2B - -
France 1 - - -
Italy 1 - - -
Mexico 1 2.3B - -
Romania 1 - - -
Singapore 1 - - -
United Kingdom 1 654M - -
Domestic 25 (57%) 1.1B (13%) 3 (60%) 1.7B (100%)
Cross-border 19 (43%) 6.8B (87%) 2 (40%) -
Total 44 $7.9B 5 $1.7B

Top M&A Advisors

Financial Deals
PJT Partners, Inc.
1
Morgan Stanley
1
Legal Deals
Hogan Lovells
1
Wachtell, Lipton, Rosen & Katz
1
DLA Piper
1

Deal Values

buy # Total
> $1B 4 $7.1B
$100M to $1B 2 $804M
TOTAL $7.9B
Largest SigmaKalon Group BV
$2.5B (2007-07-19)
sell # Total
$100M to $1B 3 $1.7B
TOTAL $1.7B
Largest PPG - Flat Glass & Glass Coatings Operations
$750M (2016-07-21)

M&A Connections

Deals
Acquired from
Investor(s)
18%
8 (18%)
Strategic(s)
14%
6 (14%)
Divested to
Strategic(s)
100%
5 (100%)

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