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.
“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.”
According to PPG, this transaction advances the company’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.