The paint maker acquires Wörwag while expanding in China.
PPG reported that it has completed its acquisition of Wörwag, a global manufacturer of coatings for industrial and automotive applications.
The company specializes in developing sustainable liquid, powder and film coatings and operates locations in Germany, the United States, China, South Africa, Mexico, Spain, Switzerland, and Poland, with headquarters in Stuttgart, Germany. Founded in 1918, Wörwag employs about 1,100 people globally.
“The acquisition of Wörwag is another step forward in PPG’s strategic growth plan that will provide further value to our customers and shareholders,” said Rebecca Liebert, PPG executive vice president. “Both companies have a strong history of providing high-quality and sustainable solutions. Wörwag’s customer and product footprint, sustainability focus and customer-centric approach are highly complementary to PPG’s business.”
PPG also announced the completion of a $13 million investment in its Jiading, China paint and coatings facility. The move includes eight new powder coating production lines and an expanded Powder Coatings Technology Center that will further enhance PPG’s research and development capabilities.
The facility develops a range of coatings for various applications, including automotive, building materials, construction machinery, industrial applications, 5G, and consumer electronics.
The new production lines will produce premium quality general industrial powder coatings, wheel hub coatings, heavy-duty machinery coatings, and other high-performance coatings. The expansion will increase the plant’s capacity by more than 8,000 metric tons per year.
The Powder Coatings Technology Center spans more than 2,000 square meters and features a laboratory with state-of-the-art equipment that will support the development and testing of various coatings formulas and provide technical support for customers across the Asia Pacific region.