PPG has completed its acquisition of Industria Chimica Reggiana S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries.
Financial terms were not disclosed, and the deal was announced in early January.
Founded in 1961, ICR is based in Italy and manufactures automotive refinish products, including putties, primers, basecoats and clear coats under the SPRINT® brand. The company also makes coatings, enamels and primers for light commercial vehicles and other light industrial coatings applications.
ICR employs approximately 180 people and sells its products in more than 70 countries in Europe, Africa, the Middle East, the United States and Latin America.
PPG, which develops and delivers paints, coatings and specialty materials, is headquartered in Pittsburgh with operations in more than 70 countries and reported net sales of $15.1 billion in 2019.