Apr 1 2015
PPG Industries today announced that it has completed the acquisition of certain assets of Flood® Australia, which manufactures and distributes specialty wood stain and paint additive solutions for consumer, commercial and industrial applications. Financial terms were not disclosed.
“The acquisition of Flood Australia allows PPG to further expand its architectural paint and coatings offering and establish a position in wood care in Australia,” said Michael McGarry, PPG president and chief operating officer. “We look forward to providing customers with the same quality products for which the Flood brand has become known in Australia.”
Flood products in Australia are distributed at home improvement stores, including Bunnings, Masters, Mitre 10, Danks, and independent paint dealers. No manufacturing assets or facilities were included in the acquisition.
PPG currently manufactures and distributes Flood wood care products in North America.
Source: http://www.ppg.com/