PPG to Acquire Alpha Coating Technologies

PPG announced it has entered into a definitive agreement to acquire Alpha Coating Technologies, LLC ("Alpha"), a powder coating manufacturer for light industrial applications and heat-sensitive surfaces. The transaction is expected to close in the first quarter of 2020, subject to customary closing conditions. Financial terms were not disclosed. Founded in 2000, Alpha focuses on the development, manufacture and sale of powder coatings for light industrial applications, medium-density fiberboard and heat-sensitive surfaces, and produces powder paints for metal and light industrial applications. Alpha employs approximately 35 people at its operations in West Chicago, Illinois.