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Mergers and Acquisitions, Paint & Coatings Manufacturer News

PPG Acquires Pavement Markings Manufacturer Ozark Materials

This transaction advances PPG’s long-term strategy to expand its pavement marking business.

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

PPG has completed the acquisition of Ozark Materials, LLC, a U.S.-based provider of pavement marking solutions, from Ingevity Corporation. The all-cash transaction includes a purchase price of $65 million, subject to customary adjustments.

Ozark Materials serves customers across the United States and Canada and has a strong reputation for quality, service and operational excellence. The company has approximately 130 employees and well-established customer relationships that align closely with PPG’s Traffic Solutions business.

“This acquisition strengthens our business by enhancing our ability to serve customers throughout North America with high-quality pavement marking solutions,” said Tom Maziarz, PPG vice president, Traffic Solutions. “Ozark Materials has strong operational capabilities and a team with deep industry experience. We look forward to integrating the business into PPG.”

This transaction advances PPG’s long-term strategy to expand its pavement marking business and bolster its ability to deliver innovative solutions for a broad range of public- and private-sector customers.

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