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Whitford's headquarters in Elverson, PA.
Whitford's headquarters in Elverson, PA.

PPG recently announced that it has reached a definitive agreement to acquire US coatings manufacturer Whitford Worldwide Company (“Whitford”).

The transaction is expected to close in the first quarter 2019, subject to customary closing conditions. Financial terms were not disclosed.

Whitford, a privately held company headquartered in Elverson, Pennsylvania, employs more than 700 people and operates 10 manufacturing facilities.

The company specializes in manufacturing low-friction, wear-resistant coatings for industrial applications in automotive, aerospace, energy and construction products. Whitford also makes nonstick coatings for cookware, bakeware and small electric appliances such as toaster ovens, griddles, fry pans and irons.

The acquisition of Whitford will allow PPG to further drive value for its customers and shareholders by enhancing our range of product offerings, research and development capabilities, and global market reach in the growing industrial coatings sector,” said Michael McGarry, PPG chairman and chief executive officer.

Joining PPG is a giant step forward for Whitford,” added Dave Willis, Whitford’s founder and Chairman of the Board. “In one fell swoop, we will have access to new technologies, diverse R&D facilities, strong financial support and global coverage in areas where we have wanted to expand, but did not yet have sufficient resources. This is very good news for our customers and our employees.”

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