WASHINGTON (dpa-AFX) - PPG Industries Inc. (PPG) said Wednesday that it and its subsidiary, PPG Industries Colombia, have completed the acquisition of the coatings businesses of Colpisa Colombiana de Pinturas and its affiliates, including Colpisa Ecuador. The parties first announced an acquisition agreement August 4. Financial terms of the deal were not disclosed. Colpisa manufactures and distributes coatings for OEM, automotive refinish and industrial customers in Colombia and Ecuador. In acquiring Colpisa, PPG becomes the only major coatings supplier with a direct automotive OEM coatings manufacturing presence in Colombia and one of the leading providers of a full line of automotive refinish products in Colombia with an established distribution network, according to the company.
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