PPG to Purchase European Coatings Company Dyrup (PPG)

PPG Industries PPG today announced the signing of a share purchase agreement to acquire Dyrup A/S, a European coatings company based in Copenhagen, Denmark, from its owner, Monberg & Thorsen, a public holding company. The total transaction value, including assumed debt, is around €135 million ($200 million). The transaction is expected to close in the third quarter of this year, subject to regulatory approvals, customary closing conditions and consultation with appropriate employee representative bodies.