PPG to acquire Barloworld Coatings Australia
The Australian subsidiary of Pittsburgh-based PPG will acquire Barloworld Coatings Australia, the architectural paint unit of South Africa-based Barloworld Coatings. Terms of the deal were not disclosed.
Barloworld is a leading manufacturer of architectural and decorative paints in Australia, with brands including Taubmans, Bristol and White Knight. The company also operates production facilities in Villawood, New South Wales; and Glen Waverly, Victoria.
Barloworld’s plant in Glen Waverley will not be acquired by PPG but will continue to manufacture Barloworld brand products for PPG until production and distribution activities are transferred to other locations, PPG said in a statement.
Barloworld also distributes products through 85 company-owned stores, a network of distributors and numerous independent retailers. The paints are also sold through Bunnings, one of Australia’s largest home improvement retailers.
“We are continuing to accelerate our profitable growth in coatings by making strategic acquisitions,” said J. Rich Alexander, senior vp-coatings for PPG. “The Barloworld coatings brands are well-respected in Australia. By acquiring Barloworld’s Australian coatings business, we’ll be well-positioned to be the leading coatings manufacturer operating in all market segments and channels in Australia.”
In 2006, PPG acquired Protec, an Adelaide, Australia-based manufacturer and distributor of automotive refinish coatings and light industrial and high-performance coatings. Also in 2006, PPG acquired the Performance Coatings and Finishes business of Ameron International of Pasadena, Calif., which also has operations in Australia and New Zealand.