PPG Completes Acquisition of Global Coatings Manufacturer Ennis-Flint
PPG announced that it has completed its acquisition of Ennis-Flint. Ennis-Flint is a global leader in pavement markings and traffic safety solutions with a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems. The company has approximately 1,000 employees globally, with a network of manufacturing facilities within the United States, Europe, South America, Australia and Asia. Ennis-Flint’s full year of 2020 revenue is expected to be approximately $600 million, with mid-teen percentage EBITDA margins.
PPG will provide additional details relating to the business acquisition, including acquisition-related financial impacts, during the company’s fourth quarter earnings conference call in January 2021.
About PPG Industries
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.1 billion in 2019. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
Mark Silvey – Corporate Communications – firstname.lastname@example.org – (412) 434-3046
Source: PPG Industries, Inc.