US coatings company PPG Industries recently announced its acquisition of majority holdings in sealant and adhesive company Le Joint Francais. No financial details were disclosed.
The business relationship between the two companies is an established one - Le Joint Francais has been a licensee of PPG’s aerospace sealants and will now be embarking on a joint venture with PPG. The venture, Sealants Europe SAS, will produce and supply aerospace and automotive adhesives and sealants to the European market.
PPG president Michael McGarry says that Sealants Europe SAS will be expanding their range of automotive products and will be able to offer enhanced service to their European automotive and aerospace clients from their headquarters in France.