PPG has completed its acquisition of Dexmet Corp., a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications. The Pittsburgh company previously announced the deal would allow PPG to enhance its product offerings, expand its R&D capabilities and increase its market reach, including in aircraft lightning strike protection.
Financial terms were not disclosed.
Dexmet, headquartered in Wallingford, Connecticut, was founded in 1948. The company, which has approximately 75 employees, specializes in customized, highly-engineered, expanded and perforated metal foils and polymers used for mission-critical applications in aerospace, energy storage and other industrial applications.
PPG operates in more than 70 countries and reported net sales of $15.4 billion in 2018.