PPG has acquired Cetelon Lackfabrik, a manufacturer of coatings for automotive and light truck wheel applications.
Financial details of the transaction were not disclosed.
Cetelon develops and manufactures a range of coating systems for the wheel industry, including certain proprietary technologies. It operates production and sales offices in Ditzingen, Germany, from where it serves many wheel suppliers worldwide.
Founded in 1948 in Stuttgart, Germany, Cetelon became part of the Berlac Group in 2011. The company employs around 95 people globally.
“The acquisition of Cetelon will allow PPG to further build upon its existing coatings product portfolio, liquid and powder coating technologies and colour matching capabilities,” said PPG EVP, Rebecca Liebert.
“Cetelon’s long-standing and established customer relationships will be complementary to PPG’s existing customer base and global presence and will allow us to continue to deliver solutions and drive growth within the transportation industry.”
For his part, Berlac Group chairman, Daniel Kesselring, added: “The sale of Cetelon to PPG is a great result for both companies.
“While PPG gains Cetelon’s long-standing expertise in the wheel industry, Cetelon will benefit from a highly complementary product offering and from PPG’s global reach.”