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Wednesday, 16 August 2017 15:43

PPG to Acquire The Crown Group

PPG announced it has reached a definitive agreement to acquire The Crown Group, a U.S.-based coatings application services business, from High Road Capital Partners and Charter Oak Capital Partners.


The transaction is expected to close in the third quarter of 2017, subject to customary closing conditions. Financial terms were not disclosed.


Crown, headquartered in Warren, MI, is one of the leading component and product finishers in North America. The company applies coatings to customers’ manufactured parts and assembled products at 11 U.S. sites. Most of Crown’s facilities, which also provide assembly, warehousing and sequencing services, are located at customer facilities or positioned near customer manufacturing sites.

 

The company serves manufacturers in automotive, agriculture, construction, heavy truck and alternative energy industries.

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