PPG to Acquire Automotive Refinish Products Manufacturer SEM Products.
MANews-(C)2009-2018
18 October 2018 - US-based coatings company PPG (NYSE: PPG) has reached a definitive agreement to acquire US-based specialised automotive refinish products manufacturer SEM Products, Inc., the company said.
The transaction is expected to close in 4Q18, subject to customary closing conditions. Financial terms were not disclosed.
SEM, headquartered in Rock Hill, South Carolina, is a manufacturer of repair and refinish products used primarily for automotive and other transportation applications.
The company is known for various flagship products that offer convenience, including Color Coat, the original flexible coating and mixing system; Bumper Coater, the first product to restore original equipment manufacturer finishes on plastic bumpers and cladding; and Dual Mix, a two-part cartridge system for adhesives, fillers and sealers. SEM employs approximately 80 people.
SEM Products has offered repair and refinish...
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