PPG has announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications.
Cetelon develops and manufactures a wide range of coating systems for the wheel industry, including certain proprietary technologies.
It operates production and sales offices in Ditzingen, Germany, from which it serves many wheel suppliers worldwide.
Founded in 1948 in Stuttgart, Germany, Cetelon became part of the Berlac Group in 2011. The company employs approximately 95 people globally.
“The strategic 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 Rebecca Liebert, PPG Executive Vice-President.
“The sale of Cetelon to PPG is a great result for both companies,” said Daniel Kesselring, Chairman, Berlac Group.
“While PPG gains Cetelon’s long-standing expertise in the wheel industry, Cetelon will benefit from a highly complementary product offering and PPG’s global reach.”
Financial details of the transaction were not disclosed.