PPG (NYSE: PPG) is acquiring MetoKote Corp., a Lima, Ohio, company that applies coatings to the parts of its customers. MetKote had sales of about $200 million in 2015, with more than 1,500 employees.
The target applies coatings at its customers’ manufacturing sites and at regional MetKote service centers in North America and Europe. For the service center business, customers ship the parts to MetKote and the company coats the parts and ships them to the customer’s next assembly stage. MetKote uses enhanced paint adhesion and paints with electrocoat, powder and liquid coatings. MetoKote coats more than 1.5 million parts per day.