en.Wedoany.com Reported - U.S. coatings supplier PPG announced the completion of its acquisition of U.S. road marking solutions provider Ozark Materials LLC from seller Ingevity Corporation. The all-cash transaction was valued at $65 million, subject to customary adjustments.

Ozark Materials provides thermoplastic, preformed, and related road marking products to customers in the United States and Canada, serving the highway and urban traffic management sectors with approximately 130 employees. The company's business operations and customer base are highly complementary to PPG's Traffic Solutions segment, and its road marking product line will further supplement PPG's existing portfolio.

Tom Maziarz, Vice President of PPG's Traffic Solutions segment, stated: "This acquisition strengthens our business and enhances our ability to provide high-quality road marking solutions to customers across North America. Ozark Materials possesses strong operational capabilities and a team with deep industry experience. We look forward to integrating its road marking business into PPG."

PPG stated that the transaction supports its long-term strategy of growing its road marking business and providing solutions for both public and private sector clients. Following the acquisition, PPG will further expand its business coverage in the North American road marking market and strengthen its production and supply capabilities for thermoplastic marking materials.

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