PPG Acquires Asian Maker of Specialty Wood Coatings
PPG Industries has acquired Crown Coating Industries of Singapore, a privately held manufacturer of specialty wood coatings. Terms were not disclosed. Incorporated in 1991, Crown Coating leads the Asian flooring industry in radiation-cured, or UV, coatings.
"Crown enables us to provide manufacturers in Asia with local supply of the high-quality coatings that customers have come to expect from PPG," said J. Rich Alexander, senior vice president, coatings. "It also enables us to grow our presence in the global wood coatings business, where our technology is considered the industry leader."
In addition to acquiring Crown's assets, PPG has retained the services of Crown's managing director, Lim Seng Phong, and its director, Ricky Wong.
Employing approximately 40 people, Crown operates facilities in Singapore and Shanghai, China.
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