PPG said it has reached a “definitive agreement” to acquire automotive coatings manufacturer Hemmelrath, a German manufacturer of coatings for automotive original equipment manufacturers.
“We are excited to add Hemmelrath to our robust and diversified automotive coatings offering,” said Michael McGarry, PPG Chairman and Chief Executive Officer. “This acquisition is another step forward in our strategic growth plan that will provide further value to our customers and shareholders.”
Headquartered in Klingenberg, Germany, Hemmelrath is a family-owned manufacturer of OEMs. With more than 450 employees, the company operates manufacturing facilities in Klingenberg and Erlenbach in Germany, as well as Jilin in China, Duncan in South Carolina, USA and Indaiatuba in Brazil.
Hemmelrath supplies automotive plants worldwide and more than seven million vehicles are coated with its products each year.
“The fit between Hemmelrath and PPG is complementary,” said Rebecca Liebert, PPG Senior Vice President, Automotive Coatings. “The acquisition will enhance PPG’s automotive coatings offering and add formulating and manufacturing solutions.”