PPG to acquire remaining interest in Chemfil Canada

 

 

PPG Industries has reached an agreement with Chemfil Canada Ltd. to purchase the remaining interest of Chemfil, a joint venture between PPG and Madinal Enterprises. 

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The acquisition is scheduled to be completed in the third quarter, and the final deadline is still subject to the customary closing conditions of such agreements. The companies did not reveal the financial terms of the acquisition. 
 

Chemfil Canada manufactures pretreatment products and general industrial chemicals. The products are used by automotive OEMs and industrial customers based in Canada. 

The transaction will improve the pretreatment presence and capabilities of PPG within Canada. All of Chemfil’s services and products that are included in the acquisition will be listed under PPG’s name. 
 

When the acquisition is complete, one of Madinal Enterprises’ affiliates will have ownership of the Windsore production facility, as well as specific non-pretreatment business and product lines. These products will retain the Chemfil name. 
 

“Acquiring the pretreatment business of Chemfil Canada will enable PPG to further strengthen its pretreatment offerings and services in this area for global automotive OEM and industrial customers,” Cindy Niekamp, PPG's senior vice president for automotive coatings, says. “PPG looks forward to enhancing supply capabilities for Chemfil customers and providing them with access to PPG’s full portfolio of coatings products.”