
The world’s second largest paints and coatings company was formed recently, following PPG Industries’ acquisition of SigmaKalon (Sigma Paints), which itself was Europe’s second largest paint firm with sales of $11.2 billion.
“This latest acquisition will further strengthen the affiliates of SigmaKalon in the Middle East region, enhancing their current technological abilities enabling them to provide the highest quality of products and standards of service,” says a spokesman for PPG Industries.
“Moreover, it will strengthen the presence of PPG in the decorative paints market in both Europe and the Middle East, this being one of the main reasons for PPG’s desire to acquire SigmaKalon,” he adds.
PPG Industries, based in Pittsburgh, US, describes itself as a leading global company in the paints and coatings market, chemical products, optical and specialty products, glass, and fibreglass manufacturing. Its coating business covers automotive OEM and automotive refinishes – where it is the global market leader – as well as industrial, packaging, aerospace, decorative, protective and marine coatings.
“As a streamlined manufacturer, PPG operates using the highest standards of technology and as such provides efficient and cost-effective coatings solutions.
“It is the clear intention of PPG to maintain its position as a global leader in paints and special products production; meeting the demands of its customers in the markets segments of construction, reconstruction, consumable products, industry, and transport,” the spokesman comments.
PPG has more than 150 factories worldwide, as well as shares in affiliated companies, employing around 43,000 people in more than 60 different countries.
The merger of the shared values of both SigmaKalon and PPG, combined with their technical abilities, will strengthen the global paints industry as a whole, and will better serve the industry and their customers in the Middle East through their joint solutions and high-tech paint solutions, he concludes.