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PPG expand into the NetherlandsGlass firm PPG look set to expand into the Netherlands after completing the purchase of Dutch business SigmaKalon Group. The Dutch company, which produces coatings, was bought for a total of $3.2 billion (£1.6 billion) and will help PPG shore up its presence in Europe. Charles Bunch, chairman and chief executive of PPG, revealed that the combining of the companies would be a boost for both firms. He said: "This acquisition is strongly aligned with our vision and core strategies with SigmaKalon we are accelerating our transformation to focus on coatings and specialty products." "SigmaKalon is a very complementary fit for us. The acquisition will greatly expand our geographic footprint, extend our market presence in various end-use markets, and sharply increase the proportion of sales coming from architectural or decorative coatings," he added. Meanwhile, PPG“s deal to sell its automotive glass business to Platinum Equity may go to court after the private equity firm tried to abort the £225 million takeover 21.01.2008, PPG News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.
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