PPG Industries Buys Brazil Coatings Firm

Financial terms weren't disclosed.



"Renner is a very strong, well-regarded architectural paint brand in Brazil, Chile and Uruguay," said Charles E. Bunch, chairman and chief executive of PPG. "This acquisition fits well with our strategy to profitably grow our coatings businesses and continue to expand our presence in emerging regions."



Renner Sayerlack's architectural and industrial coatings businesses operate three manufacturing plants in Gravatai, Brazil; Santiago, Chile; and Montevideo, Uruguay. Each plant also serves as a distribution center. The businesses, which employ about 850 people, sell through independent dealers, construction material suppliers and brand licensees, similar to franchise stores.



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