In addition, PPG has reached an agreement to acquire Protec Pty. Ltd., Adelaide, Australia, and all assets of Fortec Paints Ltd., Protec’s New Zealand business. The transaction is expected to close late this month.
Protec is a manufacturer and distributor of automotive refinish coatings, and light industrial and high performance coatings, serving Australia and New Zealand. The company employs approximately 214 people, has one manufacturing facility in Adelaide and operates 14 company-owned service centers.
“We are continuing to implement our growth plan in coatings by making strategic acquisitions,” said Rich Alexander, senior vice president, coatings. “Spectra-Tone will enhance our architectural coatings presence in the western U.S., Protec will enable us to enhance our position as the technical coatings leader in Australia and New Zealand."