Pittsburgh, Pennsylvania – International automotive coatings manufacturer PPG has acquired its German counterpart, Wörwag, announced in a press release on Monday.
“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,” said PPG executive vice president Rebecca Liebert.
“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 started as a family business in Stuttgart, Germany in 1918, and as of 2020, employs about 1,100 people worldwide. The company has operations in the U.S., China, South Africa, Mexico, Spain, Switzerland and Poland.
The transaction is expected to close in the first half of 2021, subject to customary closing conditions.