Stephen Einhorn & Jaclyn Christiansen02.06.07
During 2006, there were 17 merger and acquisition transactions in the U.S. versus 12 in 2005. Most transactions demonstrated a desire to strengthen market presence, either in a specialized niche, or a geographic area.
PPG was the most active acquirer during 2006 purchasing Ameron Protective Coatings, Spectra-Tone, Eldorado Chemical and Shanghai Sunpool (China).
The PPG/Ameron transaction was not a surprise as the fit was perfect. PPG's strategy has been to focus on its coatings business, and the Ameron acquisition, at a price of approximately $115 million, was a major transaction in the industry. The acquisition expanded PPG's protective coatings sales into Europe and Australia enhancing their global presence. The deal also included a marine business, for which PPG previously had a minimal presence.
The acquisition of Spectra-Tone, a smaller transaction, increased PPG's sales of architectural paint and continued the company's strategy of expansion through acquisition. At the time of the acquisition, Spectra-Tone operated 22 stores in the western U.S.
In May, PPG acquired privately held Eldorado Chemical, a manufacturer of pa
PPG was the most active acquirer during 2006 purchasing Ameron Protective Coatings, Spectra-Tone, Eldorado Chemical and Shanghai Sunpool (China).
The PPG/Ameron transaction was not a surprise as the fit was perfect. PPG's strategy has been to focus on its coatings business, and the Ameron acquisition, at a price of approximately $115 million, was a major transaction in the industry. The acquisition expanded PPG's protective coatings sales into Europe and Australia enhancing their global presence. The deal also included a marine business, for which PPG previously had a minimal presence.
The acquisition of Spectra-Tone, a smaller transaction, increased PPG's sales of architectural paint and continued the company's strategy of expansion through acquisition. At the time of the acquisition, Spectra-Tone operated 22 stores in the western U.S.
In May, PPG acquired privately held Eldorado Chemical, a manufacturer of pa
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