PPG: Acquisition of VersaFlex
The VersaFlex Family of Companies (VersaFlex) announced it has reached a definitive agreement to be acquired by PPG. VersaFlex is a manufacturer specializing in polyurea, epoxy, polyurethanes, custom plural component equipment, and geotechnical and insulation foams. Lazard Middle Market served as exclusive financial advisor to VersaFlex. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions.
"We are excited to join PPG, a global paint and coatings leader, with its world-class resources and leading-edge technologies. Their high standards and commitment to deliver sustainable value to their customers will be a benefit for our customers' continued success," said Rob Pawlak, VersaFlex President.
| About VersaFlex The brands of VersaFlex Incorporated, Raven Lining Systems, Milamar Coatings and Specialty Products (SPI) were brought together to form “The VersaFlex Family of Companies.” VersaFlex is a leading provider of specialty coatings, linings, technical foams and custom plural component equipment for the industrial, water and wastewater, transportation infrastructure, flooring, oil and gas and geo-Technical segments. |
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