Canadian Finishing and Coatings Manufacturing

 

January 17, 2024

  

PPG SilicaPPG has engaged Morgan Stanley & Co. LLC as a financial advisor to assist in a review of strategic alternatives for its silica products business.

PPG’s silica products business, which operates within the company’s specialty coatings and materials strategic business unit, manufactures, and supplies precipitated silica products to major manufacturers around the world as performance-enhancing additives. In 2023, the silica products business represented between one and two per cent of PPG’s total net sales.

“We are exploring strategic alternatives for our silica products business to maximise its value for our shareholders and to ensure its continued success. The business has a well-established position in a growing market, proven innovation, leading proprietary products, and dedicated and talented employees,” Tim Knavish, PPG chairman and CEO. “Throughout our long history in silicas, our employees have consistently led the business forward, partnering with our customers to meet their evolving needs. However, given the businesses distinct product portfolio, customer base and operating characteristics, we believe that it may be better suited to operate as a core business within another company or as a standalone entity. Throughout this process, we will continue to fully support the business and we remain committed to providing our silicas customers with high-quality products and services.”

PPG expects to complete the review of strategic alternatives by mid-2024. There is no assurance that the review will result in any transaction or other outcome. PPG does not intend to disclose developments or provide updates on the progress or status of the review unless and until it deems further disclosure is appropriate or required.

Product News

  • Prev
BYK-Gardner USA, global partner of the automotive, paint and plastics industries for quality ...
Evonik has launched Ancamine 2880, a new fast-curing and UV-resistant epoxy curing agent that ...
FIRETEX FX7002, a new thin-film intumescent fire protection coating from Sherwin-Williams ...
Trinseo, a specialty materials solutions provider, has announced the launch of LIGOS C 9484, a ...
The Sherwin-Williams Company has introduced a new universal clearcoat: Aerospace Clearcoat ...
Paul N. Gardner USA has launched its new offering of Cross Hatch Adhesion Testers—three kits in ...
IFS Coatings recently launched IFS Puroplaz PE16, a tough thermoplastic modified polyolefin powder ...
BYK-Gardner USA is now offering a self-calibration option for its byko-visc RT Rotational ...
The global market for conductive pressure-sensitive adhesives (PSAs) is forecast to reach $12.5 ...
BYK-Gardner USA announced its new premium line of dry film thickness gauges, the byko-test 9500 ...

Kerrwil Media Limited

538 Elizabeth Street, Midland,Ontario, Canada L4R2A3 +1 705 527 7666
©2024 All rights reserved
Funded by the Government of Canada | Finance par le gouvernement du Canada
Use of this Site constitutes acceptance of our Privacy Policy (effective 1.1.2016)
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Kerrwil.