Pittsburgh, Pennsylvania — The giant that is PPG continues to grow as the automotive paint developer announced that it has acquired Cetelon Lackfabrik GmbH, a fellow coatings manufacturer across the ocean in Germany.
“The strategic acquisition of Cetelon will allow PPG to further build upon its existing coatings product portfolio, liquid and powder coating technologies and color matching capabilities,” said Rebecca Liebert, PPG executive vice president.
“Cetelon’s long-standing and established customer relationships will be complementary to PPG’s existing customer base and global presence, and will allow us to continue to deliver industry-leading solutions and drive growth within the transportation industry.”
Cetelon became part of the Berlac Group in 2011 and employs about 95 people globally.
“The sale of Cetelon to PPG is a great result for both companies,” said Daniel Kesselring, chairman of Berlac Group.
“While PPG gains Cetelon’s long-standing expertise in the wheel industry, Cetelon will benefit from a highly complementary product offering and from PPG’s global reach.”
