PPG Industries' proposed acquisition of SigmaKalon Group from Bain Capital has been approved by European Union regulators. The total transaction value, including assumed debt, is approximately €2.2 billion.
PPG completed the process of consulting with and obtaining advice from the relevant employee representative bodies in early October. The company anticipates that the acquisition will close within the next 45 days.
SigmaKalon Group is a worldwide coatings producer based in Uithoorn, Netherlands. SigmaKalon produces architectural, protective and marine and industrial coatings, and is a leading coatings supplier in Europe and other key markets across the globe.