Metal coating specialist PPG has reached a definitive agreement to acquire MetoKote Corporation, a US-based coatings services business with 2015 global sales of approximately US$200 million. The transaction is expected to close in Q3 2016.

MetoKote is headquartered in Lima, Ohio, and has more than 1,500 employees and regional service centers, located throughout the US, Canada, Mexico, the UK, Germany, Hungary and the Czech Republic. MetoKote coats an average of more than 1.5 million parts per day.

‘This acquisition will help us to better understand and meet our customers’ critical coatings requirements,’ said Viktor Sekmakas, PPG executive vice president. ‘We are responding to customers’ requests to streamline the purchasing, delivery and application of coatings by adding MetoKote’s capabilities to PPG. This will simplify our customers’ operations, enabling them to focus on their core competencies of product design and manufacturing.’

This story is reprinted from material from PPG, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.