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PPG Enters into Exclusive Negotiations to Acquire Automotive Specialty Materials Manufacturer REVOCOAT

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PITTSBURGH--(BUSINESS WIRE)--PPG Industries (NYSE:PPG) today announced that it has entered into exclusive negotiations with the AXSON Group to acquire REVOCOAT, a global supplier of sealants, adhesives and damper products for the automotive industry. PPG expects the transaction to close in the first quarter 2015, following the French works council consultation process, regulatory approvals and other customary closing conditions. Financial terms were not disclosed. REVOCOAT, headquartered in Fra

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