The hottest PPG industry acquired rev, a manufactu

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PPG industry entered the stage of exclusive negotiation on the acquisition of revocoat, a manufacturer of automotive special materials.

December 2014 take the utilization of graphene in new energy vehicles as an example. On December 25, Pittsburgh, the United States - PPG Industry Company (NYSE Code: PPG) recently announced that the company has launched exclusive negotiations with axson group of France on the acquisition of revocoat, a global supplier of automotive sealants, adhesives and dampers

ppg expects that the transaction will be completed in the first quarter of 2015, which has yet to be approved by the opinion consultation process of the French Engineering Council and the regulatory authorities, and needs to meet other customary closing conditions. The company did not disclose specific financial terms

revocoat, headquartered in France, is a subsidiary of acorn group, the world's leading high-performance polymer manufacturer. Revocoat employs more than 500 employees, and has seven manufacturing plants and a research and development center

cynthia niekamp, senior vice president of PPG automotive coatings division, said: "the acquisition of revocoat will enable PPG to continue to expand the range of special materials products and further strengthen its service capacity in the global automotive industry. Revocoat and our core automotive OEM coating business have formed a positive complementarity and improved PPG's existing automotive sealant and adhesive product structure."

jean, President of PPG Europe and vice president of automotive OEM coating business Europe, Middle East and Africa, will make the table inaccurate -marie greindl said: "combined with revocoat's expertise in the automotive field and PPG's rich experience, we believe that we will further expand our product range and better serve customers around the world."

Charles churet, President of acson group, added: "Over the past six years, with the efforts of the company's management and employees, revocoat has developed into a world leading supplier of automotive OEM adhesives and sealants. PPG automotive OEM coating business will take revocoat's business to a new level, provide customers with a wider range of better products, and also bring a broader development platform for our employees, which can replace traditional metals and growth opportunities in many aspects of technology."

ppg: innovation, as you can see, the goal of PPG Industrial Company is to continue to maintain its position as the world's leading supplier of coatings and special materials. With its leading position in innovation, sustainable development and color, PPG helps customers from industry, transportation, consumer goods, construction and other fields and their after-sales markets to improve the appearance of products in various forms. Founded in 1883, PPG industries is headquartered in Pittsburgh, USA, with production bases and subsidiaries in nearly 70 countries around the world. According to the financial report, the company's global net sales in 2013 were US $15.1 billion. PPG is listed on the New York Stock Exchange (Stock Code: PPG). For more information, please browse or follow PPG twitter @ppgindustries

about revocoat

revocoat is a supplier of automotive sealants, dampers and adhesives. The business covers a series of epoxy based supporting products, polyurethane and water-based emulsion paint. Revocoat is a subsidiary of acson group, the world's leading manufacturer of high-performance polymers. For more information, please visit

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