10.18.18
PPG said it reached a definitive agreement to acquire SEM Products, Inc., a U.S.-based manufacturer of specialized automotive refinish products. The transaction is expected to close in the fourth quarter of 2018, subject to customary closing conditions. Financial terms were not disclosed.
SEM, headquartered in Rock Hill, South Carolina, is a manufacturer of repair and refinish products used primarily for automotive and other transportation applications. The company is known for various flagship products, including Color Coat; Bumper Coater; and Dual Mix.
“PPG’s acquisition of SEM will complement our current automotive refinish product offering and add specialized, value-added products that address the needs of distributors and body shops,” said Gary Danowski, PPG VP, automotive refinish. “SEM has a history of strong returns and will provide our valued refinish customers with an excellent product portfolio to get collision jobs done faster by increasing efficiency and throughput.”
SEM employs approximately 80 people.
SEM, headquartered in Rock Hill, South Carolina, is a manufacturer of repair and refinish products used primarily for automotive and other transportation applications. The company is known for various flagship products, including Color Coat; Bumper Coater; and Dual Mix.
“PPG’s acquisition of SEM will complement our current automotive refinish product offering and add specialized, value-added products that address the needs of distributors and body shops,” said Gary Danowski, PPG VP, automotive refinish. “SEM has a history of strong returns and will provide our valued refinish customers with an excellent product portfolio to get collision jobs done faster by increasing efficiency and throughput.”
SEM employs approximately 80 people.
