PPG has reached a definitive agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications. The transaction is expected to close in the first half of 2021, subject to customary closing conditions.
“Wörwag’s industry expertise in powder and liquid coatings for industrial and automotive applications is highly complementary to PPG’s business, and will help to further expand our product offering,” says Rebecca Liebert, PPG Executive Vice President.
“The addition of Wörwag will also enhance PPG’s waterborne, direct-to-metal, liquid and powder coatings offerings, and allow us to further expand current customer distribution in key geographies.”
Wörwag, headquartered in Stuttgart, Germany, specializes in developing sustainable liquid, powder and film coatings. It operates locations in Germany, the U.S., China, South Africa, Mexico, Spain, Switzerland and Poland.