Deal Snapshot
PPG Launches Traffic Solutions Business Following USD 1.5bn Ennis-Flint Acquisition
Wednesday 13 January 2021

US-based paints, coatings and specialty materials provider PPG (NYSE: PPG) has established a new business unit called Traffic Solutions, following the company's December 2020 acquisition of North Carolina-based coatings manufacturer Ennis-Flint, the company said.

PPG bought Ennis-Flint in a transaction valued at approximately USD 1.15bn. Ennis-Flint's full year of 2020 revenue is expected to be approximately USD 600m, with mid-teen percentage EBITDA margins.

Date Published: 13/01/2021