PPG Industries has signed an agreement with ZaCh System S.p.A., the fine chemicals subsidiary of Zambon Company S.p.A.,
“Following last week’s announcement of our potential divestiture of our auto glass businesses, this transaction is yet another step toward achieving PPG’s vision of continuing to be the leading coatings and specialty products and services company,” said Charles E. Bunch, PPG chairman and chief executive officer.
“The acquisition of PPG’s fine chemicals business is consistent with Zambon Company’s continuing desire to expand its global presence,” said Gianni Marini, ZaCh System board chairman and Zambon Company board member. “We are quite pleased to acquire a PPG business that is recognized as a technology leader, with manufacturing locations in Europe and the
PPG facilities included in the agreement are a pharmaceutical fine chemicals plant in