PPG receives approval from EU regulators to acquire SigmaKalon

Article Type: Industry news From: Pigment

PPG Industries' proposed acquisition of SigmaKalon Group from Bain Capital has been approved by EU regulators. The total transaction value, including assumed debt, is approximately e2.2 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.