{"id":478034,"date":"2021-04-19T08:34:19","date_gmt":"2021-04-19T12:34:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ppg-acquires-automotive-coatings-manufacturer-cetelon\/"},"modified":"2021-04-19T08:34:19","modified_gmt":"2021-04-19T12:34:19","slug":"ppg-acquires-automotive-coatings-manufacturer-cetelon","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ppg-acquires-automotive-coatings-manufacturer-cetelon\/","title":{"rendered":"PPG Acquires Automotive Coatings Manufacturer Cetelon"},"content":{"rendered":"

<\/p>\n

PPG Acquires Automotive Coatings Manufacturer Cetelon<\/b><\/p>\n

PITTSBURGH–(BUSINESS WIRE<\/a>)–
\nPPG (NYSE: PPG) today announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications. Financial details of the transaction were not disclosed.\n<\/p>\n

\nCetelon develops and manufactures a wide range of coating systems for the wheel industry, including certain proprietary technologies. It operates production and sales offices in Ditzingen, Germany, from which it serves many leading wheel suppliers worldwide. Founded in 1948 in Stuttgart, Germany, Cetelon became part of the Berlac Group in 2011. The company employs approximately 95 people globally.\n<\/p>\n

\n\u201cThe strategic acquisition of Cetelon will allow PPG to further build upon its existing coatings product portfolio, liquid and powder coating technologies and color matching capabilities,\u201d said Rebecca Liebert, PPG executive vice president. \u201cCetelon\u2019s long-standing and established customer relationships will be complementary to PPG\u2019s existing customer base and global presence, and will allow us to continue to deliver industry-leading solutions and drive growth within the transportation industry.\u201d\n<\/p>\n

\n\u201cThe sale of Cetelon to PPG is a great result for both companies,\u201d said Daniel Kesselring, chairman, Berlac Group. \u201cWhile PPG gains Cetelon\u2019s long-standing expertise in the wheel industry, Cetelon will benefit from a highly complementary product offering and from PPG\u2019s global reach.\u201d\n<\/p>\n

PPG: WE PROTECT AND BEAUTIFY THE WORLD\u2122<\/b><\/p>\n

\nAt PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers\u2019 biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com<\/a>.\n<\/p>\n

We protect and beautify the world<\/i> is a trademark and the PPG Logo<\/i> is a registered trademark of PPG Industries Ohio, Inc.\n<\/p>\n

\nCATEGORY Automotive OEM Coatings\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210419005467\/en\/<\/a><\/span><\/p>\n

PPG Media Contact:
\n<\/b>
Mark Silvey
\n
Corporate Communications
\n
+1-412-434-3046
\n
silvey@ppg.com<\/a><\/p>\n

Investor Contact:
\n<\/b>
John Bruno
\n
Investor Relations
\n
+1-412-434-3466
\n
jbruno@ppg.com
\n<\/a>
investor.ppg.com<\/a><\/p>\n

KEYWORDS:<\/b> Germany Europe United States North America Pennsylvania<\/p>\n

INDUSTRY KEYWORDS:<\/b> Off-Road Trucks & SUVs General Automotive Automotive Other Manufacturing Other Transport Trucking Engineering Chemicals\/Plastics Transport Automotive Manufacturing Other Automotive Tires & Rubber Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

PPG Acquires Automotive Coatings Manufacturer Cetelon PITTSBURGH–(BUSINESS WIRE)– PPG (NYSE: PPG) today announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications. Financial details of the transaction were not disclosed. Cetelon develops and manufactures a wide range of coating systems for the wheel industry, including certain proprietary technologies. It operates production and sales offices in Ditzingen, Germany, from which it serves many leading wheel suppliers worldwide. Founded in 1948 in Stuttgart, Germany, Cetelon became part of the Berlac Group in 2011. The company employs approximately 95 people globally. \u201cThe strategic acquisition of Cetelon will allow PPG to further build upon its existing coatings product portfolio, liquid and powder coating technologies and … <\/p>\n

Continue reading “PPG Acquires Automotive Coatings Manufacturer Cetelon”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-478034","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPPG Acquires Automotive Coatings Manufacturer Cetelon - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ppg-acquires-automotive-coatings-manufacturer-cetelon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PPG Acquires Automotive Coatings Manufacturer Cetelon - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PPG Acquires Automotive Coatings Manufacturer Cetelon PITTSBURGH–(BUSINESS WIRE)– PPG (NYSE: PPG) today announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications. Financial details of the transaction were not disclosed. Cetelon develops and manufactures a wide range of coating systems for the wheel industry, including certain proprietary technologies. It operates production and sales offices in Ditzingen, Germany, from which it serves many leading wheel suppliers worldwide. Founded in 1948 in Stuttgart, Germany, Cetelon became part of the Berlac Group in 2011. The company employs approximately 95 people globally. \u201cThe strategic acquisition of Cetelon will allow PPG to further build upon its existing coatings product portfolio, liquid and powder coating technologies and … Continue reading "PPG Acquires Automotive Coatings Manufacturer Cetelon"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ppg-acquires-automotive-coatings-manufacturer-cetelon\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-19T12:34:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210419005467r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ppg-acquires-automotive-coatings-manufacturer-cetelon\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ppg-acquires-automotive-coatings-manufacturer-cetelon\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PPG Acquires Automotive Coatings Manufacturer Cetelon\",\"datePublished\":\"2021-04-19T12:34:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ppg-acquires-automotive-coatings-manufacturer-cetelon\\\/\"},\"wordCount\":409,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ppg-acquires-automotive-coatings-manufacturer-cetelon\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210419005467r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ppg-acquires-automotive-coatings-manufacturer-cetelon\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ppg-acquires-automotive-coatings-manufacturer-cetelon\\\/\",\"name\":\"PPG Acquires Automotive Coatings Manufacturer Cetelon - 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