United States. PPG entered into a definitive agreement to acquire SEM Products, Inc., a U.S.-based manufacturer of specialty automotive finishing products. The transaction is expected to close in the fourth quarter of 2018, subject to customary closing conditions. Financial terms were not disclosed.
SEM, headquartered in Rock Hill, South Carolina, is a manufacturer of repair and refinish products that is primarily used for automotive and other transportation applications. The company is known for several flagship products, including Color Coat; Bumper Coater; and Dual Mix.
"PPG's SEM acquisition will complement our current automotive finishing product offering and add specialized value-added products that respond to the needs of dealers and workshops," said Gary Danowski, PPG vice president, automotive finishing. "SEM has a track record of good performance and will provide our valued finishing customers with an excellent product portfolio to make collision jobs faster by increasing efficiency and performance."
SEM employs approximately 80 people.
