PPG acquires pavement markings manufacturer Ozark Materials, LLC
PPG Industries, Inc. (PPG)
Last ppg industries, inc. earnings: 4/27 04:20 pm
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Source: Business Wire
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that it has completed the acquisition of Ozark Materials, LLC, a U.S.-based provider of pavement marking solutions, from Ingevity Corporation (NYSE:NGVT). The all-cash transaction includes a purchase price of $65 million, subject to customary adjustments.Ozark Materials serves customers across the United States and Canada and has a strong reputation for quality, service and operational excellence. The company has approximately 130 employees and well-established customer relationships that align closely with PPG’s Traffic Solutions business.“This acquisition strengthens our business by enhancing our ability to serve customers throughout North America with high-quality pavement marking solutions,” said Tom Maziarz, PPG vice president, Traffic Solutions. “Ozark Materials has strong operational capabilities and a team with deep industry experience. We look forward to integrating the business into PPG.”This transaction advance
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