Investment Summary

PPG Invests In Taiwan Chlorine Industries

On April 11, 2017, PPG invested in chemicals company Taiwan Chlorine Industries from PPG, China Petrochemical Development and Axiall

Investment Highlights
  • This is PPG’s 25th transaction in the Chemicals sector.
  • This is PPG’s 2nd transaction in Taiwan.

Investment Summary

Date 2017-04-11
Target Taiwan Chlorine Industries
Sector Chemicals
Investor(s) PPG
Sellers(s) PPG
China Petrochemical Development
Axiall
Deal Type Stake Purchase

Target

Taiwan Chlorine Industries

Kaohsiung, Taiwan
Taiwan Chlorine Industries Ltd. is a manufactuer of paints, coatings and materials. Taiwan Chlorine Industries was established in 1986 and is based in Kaohsiung, Taiwan.

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Investor(S) 1

Investor

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 31 of 44
Sector: Chemicals M&A 25 of 35
Type: Stake Purchase M&A Deals 1 of 1
Country: Taiwan M&A 2 of 2
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-20 Futian Xinshi

China

Futian Xinshi is an automotive refinish coatings company. Futian distributes its products in China through a network of more than 200 distributors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-20 The Crown Group

Warren, Michigan, United States

The Crown Group, Inc. is a provider of quality coating solutions to industrial end markets. Crown's range of coating technologies include electro-coating ("e-coating"), e-coating with powder coating topcoat and water-based wet painting. The Crown Group, Inc. was established in 1965 and is headquartered in Warren, Michigan.

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Seller(S) 3

SELLER

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 3 of 6
Sector: Chemicals M&A 1 of 3
Type: Stake Purchase M&A Deals 1 of 1
Country: Taiwan M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-20 Futian Xinshi

China

Futian Xinshi is an automotive refinish coatings company. Futian distributes its products in China through a network of more than 200 distributors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-20 The Crown Group

Warren, Michigan, United States

The Crown Group, Inc. is a provider of quality coating solutions to industrial end markets. Crown's range of coating technologies include electro-coating ("e-coating"), e-coating with powder coating topcoat and water-based wet painting. The Crown Group, Inc. was established in 1965 and is headquartered in Warren, Michigan.

Buy -
SELLER

China Petrochemical Development

Taipei City, Taiwan

Category Company
Founded 1969
Sector Chemicals
DESCRIPTION

China Petrochemical Development Corp. is a manufacturer of raw materials for the three major chemical fibers, such as resin, engineering plastics and nylon 6 fibers, polypropylene fiber (acrylic cotton) and polyester fiber. China Petrochemical Development was established in 1969 and is based in Taipei City, Taiwan.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Taiwan M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1986-01-01 Taiwan Chlorine Industries

Kaohsiung, Taiwan

Taiwan Chlorine Industries Ltd. is a manufactuer of paints, coatings and materials. Taiwan Chlorine Industries was established in 1986 and is based in Kaohsiung, Taiwan.

Buy -
SELLER

Axiall

Atlanta, Georgia, United States

Category Company
Founded 1984
Sector Chemicals
Employees5,830
Revenue 3.4B USD (2015)
DESCRIPTION

Axiall Corp. is an integrated chemicals and building products company. Axiall has manufacturing facilities located throughout North America and in Asia to provide industry-leading materials and services to customers.


DEAL STATS #
Overall 5 of 5
Sector: Chemicals M&A 4 of 4
Type: Stake Purchase M&A Deals 1 of 1
Country: Taiwan M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-25 ENERGI Fenestration Solutions

Woodbridge, Ontario, Canada

ENERGI Fenestration Solutions is a manufacturer and distributor of a broad range of state-of-the-art exterior building materials for the home remodeling, building and municipal construction markets.

Sell -