We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PPG Industries Wraps Up MetoKote Buy from Platinum Equity
Read MoreHide Full Article
PPG Industries (PPG - Free Report) has wrapped up its acquisition of Lima, OH-based industrial coatings services provider, MetoKote Corporation and its affiliates from Platinum Equity.
MetoKote generated sales worth roughly $200 million in 2015. The financial terms of the deal, which was announced in Jun 2016, were not divulged.
MetoKote is a leading player in the protective coating applications space. It was acquired by Platinum Equity in Oct 2013. Since then the mergers, acquisitions and operating firm has boosted MetoKote’s business, diversifying its customer base, strengthening its key customer relationships and positioning it for long-term growth.
PPG Industries’ shares ticked up around 0.3% to close at $102.97 yesterday.
MetoKote will provide PPG Industries with a platform to meet different customers’ critical coatings requirements. MetoKote, employing over 1,500 workers, provides on-site coatings services to numerous manufacturing facilities as well as regional service centers in the U.S., Canada, Mexico, the U.K., Germany, Hungary and the Czech Republic.
MetoKote’s size, capabilities and geographic reach when combined with PPG Industries’ technology, will provide customers with efficient and innovative coatings operations.
PPG Industries looks to acknowledge and provide a solution for customers' need to streamline the purchasing, delivery and application of coatings with this acquisition.
PPG Industries is taking steps to grow its business inorganically by making a number of acquisitions. The company plans to deploy $2–$2.5 billion cash in the 2015–2016 period toward acquisitions and share repurchases.
PPG Industries currently holds a Zacks Rank #2 (Buy).
Some other favorably ranked companies in the chemical space include Albemarle Corporation (ALB - Free Report) , Asahi Kasei Corporation (AHKSY - Free Report) and Axiall Corporation , all sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PPG Industries Wraps Up MetoKote Buy from Platinum Equity
PPG Industries (PPG - Free Report) has wrapped up its acquisition of Lima, OH-based industrial coatings services provider, MetoKote Corporation and its affiliates from Platinum Equity.
MetoKote generated sales worth roughly $200 million in 2015. The financial terms of the deal, which was announced in Jun 2016, were not divulged.
MetoKote is a leading player in the protective coating applications space. It was acquired by Platinum Equity in Oct 2013. Since then the mergers, acquisitions and operating firm has boosted MetoKote’s business, diversifying its customer base, strengthening its key customer relationships and positioning it for long-term growth.
PPG Industries’ shares ticked up around 0.3% to close at $102.97 yesterday.
PPG INDS INC Price
PPG INDS INC Price | PPG INDS INC Quote
MetoKote will provide PPG Industries with a platform to meet different customers’ critical coatings requirements. MetoKote, employing over 1,500 workers, provides on-site coatings services to numerous manufacturing facilities as well as regional service centers in the U.S., Canada, Mexico, the U.K., Germany, Hungary and the Czech Republic.
MetoKote’s size, capabilities and geographic reach when combined with PPG Industries’ technology, will provide customers with efficient and innovative coatings operations.
PPG Industries looks to acknowledge and provide a solution for customers' need to streamline the purchasing, delivery and application of coatings with this acquisition.
PPG Industries is taking steps to grow its business inorganically by making a number of acquisitions. The company plans to deploy $2–$2.5 billion cash in the 2015–2016 period toward acquisitions and share repurchases.
PPG Industries currently holds a Zacks Rank #2 (Buy).
Some other favorably ranked companies in the chemical space include Albemarle Corporation (ALB - Free Report) , Asahi Kasei Corporation (AHKSY - Free Report) and Axiall Corporation , all sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>