WASHINGTON (dpa-AFX) - PPG (PPG) has agreed to acquire Ennis-Flint, a global manufacturer of coatings with a broad portfolio of pavement marking products, including paint, thermoplastics and other advanced traffic technologies. The deal is valued at approximately $1.15 billion.
Headquartered in Greensboro, North Carolina, Ennis-Flint supplies a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems from a network of manufacturing facilities within the United States, Europe, South America, and Asia.
'The acquisition of Ennis-Flint will further expand our product offering and opportunities in rapidly developing and high-growth mobility technology solutions,' said Michael McGarry, CEO.
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