PPG to Acquire "The VersaFlex Family of Companies"
On January 8, 2021, the VersaFlex Family of Companies announced its acquisition by PPG (NYSE: PPG), a leading global paint and coatings manufacturer. The transaction, advised by Lazard Middle Market, is expected to finalize in Q1 2021, pending customary closing conditions. VersaFlex specializes in protective coatings and foams, serving diverse sectors including industrial and transportation. VersaFlex's President, Rob Pawlak, expressed enthusiasm about the partnership, highlighting the alignment with PPG's high standards and commitment to sustainable value for customers.
- Strategic acquisition enhances PPG's product offerings in protective coatings and foams.
- Expected synergies from combined resources may bolster market presence.
- VersaFlex's expertise aligns with PPG's focus on innovative solutions.
- None.
KANSAS CITY, Kan., Jan. 8, 2021 /PRNewswire/ -- The VersaFlex Family of Companies ("VersaFlex") announced it has reached a definitive agreement to be acquired by PPG (NYSE: PPG). VersaFlex is a manufacturer specializing in polyurea, epoxy, polyurethanes, custom plural component equipment, and geotechnical & insulation foams. Lazard Middle Market served as exclusive financial advisor to VersaFlex. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions.
VersaFlex is a trusted partner that understands and meets its customers' needs with proven and innovative protective coatings and foams. "We are excited to join PPG, a global paint and coatings leader, with its world-class resources and leading-edge technologies. Their high standards and commitment to deliver sustainable value to their customers will be a benefit for our customers' continued success," said Rob Pawlak, VersaFlex President.
About VersaFlex
The trusted brands of VersaFlex Incorporated, Raven Lining Systems, Milamar Coatings and Specialty Products (SPI) were brought together to form "The VersaFlex Family of Companies." We are a leading provider of specialty coatings, linings, technical foams and custom plural component equipment for the Industrial, Water & Wastewater, Transportation Infrastructure, Flooring, Oil & Gas and Geo-Technical segments. Our mission is to continue to deliver world class innovative solutions to our customers, solving their toughest protection, rehabilitation and insulation challenges.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE: PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers' biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of
We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.
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SOURCE The VersaFlex Companies
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