PPG has come up with the agreement to acquire SEM products. SEM products is a US based firm that specializes in manufacturing automotive refinish products. PPG is expected to close the acquisition deal of SEM products by the fourth quarter of 2018. The financials related details have not been disclosed by the firms.
The acquisition of SEM products will enhance the current automotive refinish product portfolio of PPG. And also, add specialized products that address the requirements of distributors. As, per the PPG Vice President, Gary Danowski SEM has strong position in the market. And will provide the customers from the segment with diversified product portfolio catering to their needs. The work would be done very effectively and efficiently.
About SEM Products: SEM products is a major player and a leading manufacturer of repair and refinish automotive products. The products are utilised majorly in automotive and other transportation applications. The firm is headquartered in South Carolina, US.
About AkzoNobel: PPG is considered as one of the major players in paints, coatings and specialty materials. it is headquartered in US. It operates in around 70 countries. The firm reported $14.7 billion net sales in 2017. Some of the major customers of PPG are transportation, automotive markets and aftermarkets and construction industry.
— Vasundhra Singh,
Assistant Research Executive,