M&A Deal Summary

PPG Acquires Cetelon

On April 19, 2021, PPG acquired chemicals company Cetelon from Berlac Group

Acquisition Highlights
  • This is PPG’s 35th transaction in the Chemicals sector.
  • This is PPG’s 3rd transaction in Germany.

M&A Deal Summary

Date 2021-04-19
Target Cetelon
Sector Chemicals
Buyer(s) PPG
Sellers(s) Berlac Group
Deal Type Divestiture

Target

Cetelon

Ditzingen, Germany
Cetelon is a provider of decorative paints and functional speciality coatings for niche applications, primarily in the automotive, mechanical engineering, railway, and construction industries. Cetelon was founded in 1948 and is based in Ditzingen, Germany.

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Buyer(S) 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 STATS #
Overall 44 of 44
Sector: Chemicals M&A 35 of 35
Type: Divestiture M&A Deals 6 of 6
Country: Germany M&A 3 of 3
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Worwag

Korntal-Münchingen, Germany

Worwag is a family-owned company headquartered in Stuttgart, Germany, founded in 1918. The company specializes in developing sustainable liquid, powder, and film coatings. Worwag operates locations in Germany, the U.S., China, South Africa, Mexico, Spain, Switzerland, and Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-17 PPG - Traffic Solutions Operations

Ingleburn, Australia

PPG's Traffic Solutions Operations production, quality control, and R&D facility.

Sell -

Seller(S) 1

SELLER

Berlac Group

Sissach, Switzerland

Category Company
Sector Chemicals
DESCRIPTION

Berlac Group is a manufacturer and seller of special lacquers and effects for decorative applications on plastics, genuine metals, and galvanized and PVD-metalized substrates.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-31 Cetelon

Ditzingen, Germany

Cetelon is a provider of decorative paints and functional speciality coatings for niche applications, primarily in the automotive, mechanical engineering, railway, and construction industries. Cetelon was founded in 1948 and is based in Ditzingen, Germany.

Buy -