PPG, a global coatings and materials company that operates its North American headquarters in Troy, today announced the acquisition of coating applications services provider The Crown Group. The transaction is subject to customary closing conditions and is expected to close in the third quarter this year.
Headquartered in Warren, Crown is a provider of component and product finishers in North America. The company applies coatings to customers’ manufactured parts and assembled products at 11 U.S. sites.
Most of Crown’s facilities, which provide assembly, warehousing, and sequencing services, are located at customer facilities or positioned near customer manufacturing sites. The company serves the automotive, agriculture, construction, heavy truck, and alternative energy industries.
“Crown is a leader in coatings application and this acquisition will enhance PPG’s ability to service its original equipment manufacturer (OEM) customers,” says Viktor Sekmakas, an executive vice president at PPG. “(Our company) continues to help customers simplify this portion of the product finishing process, enabling them to focus on their core competencies of product design and manufacturing. Our growing coatings application services capability allows PPG to have a more intimate understanding of our manufacturing customers’ coatings needs and offer enhanced, end-to-end solutions and services.
Terms of the agreement were not disclosed.