Add-on Acquisition • Chemicals

PPG Acquires Bonny Coating-Made Co.

On September 29, 2008, PPG acquired chemicals company Bonny Coating-Made Co.

Acquisition Context
  • This is PPG’s 11th transaction in the Chemicals sector.
  • This is PPG’s 1st transaction in China.

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M&A Deal Summary

Date September 29, 2008
Target Bonny Coating-Made Co.
Sector Chemicals
Buyer(s) PPG
Deal Type Add-on Acquisition

Target Company

Bonny Coating-Made Co.

GuangZhou, China
Bonny Coating-Made Co., Ltd., is a manufacture and supplies automotive refinish coatings.
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Buyer Overview 1

Buyer

PPG

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1883
Sector Chemicals
Employees46,000
Revenue 15.8B USD (2024)
DESCRIPTION
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.

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.


Deal Context for Buyer #
Overall 13 of 44
Sector: Chemicals 11 of 35
Type: Add-on Acquisition 10 of 35
Country: China 1 of 3
Year: 2008 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-15 Vanex

Mount Vernon, Illinois, United States

Vanex, Inc., is a supplier of Plascron® and Breakthrough® brand water-based industrial coatings for use on metal, plastic and wood in the structural steel, building systems, construction and fabricated metals industries.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-02 Pittsburgh Glass Works

Pittsburgh, Pennsylvania, United States

Pittsburgh Glass Works LLC is a designer, producer and distributor of automotive glass to high-volume Auto-OEM applications and glass replacement markets worldwide. PGW’s business comprises engineering development and application of sophisticated automotive glass technologies; glass manufacturing and assembly operations in North America, Europe and Asia wholesale and retail aftermarket distribution services; and retailer alliance partnerships in North America.

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