Early this year the world’s second largest paints and coatings company was formed, as a result of PPG’s acquisition of SigmaKalon (Sigma Paints) which, prior to the acquisition, was itself the second largest paint company in Europe with sales of $11.2 billion, 70 per cent of which came from the core paint business.

Pittsburgh (US)-based PPG Industries describes itself as the leading global company in the paints and coatings market, chemical products, optical and specialty products, glass, and fibre glass manufacturing. PPG’s coating business covers automotive OEM and automotive refinishes, where they are the global market leaders, along with industrial, packaging, aerospace, decorative, protective and marine coatings.
“As a streamlined manufacturer, PPG operates using the highest standards of technology and as such provides efficient and cost-effective coatings solutions,” a company statement said.
“It is the clear intention of PPG to maintain its position as a global leader in paints and special products production; meeting the demands of its customers in the markets segments of construction, reconstruction, consumable products, industry, and transport.”
 PPG has more than 150 factories worldwide, as well as shares in affiliated companies, and employs around 43,000 people in more than 60 countries.
“This latest acquisition will further strengthen the affiliates of SigmaKalon in the Middle East region, enhancing their current technological abilities and enabling them to provide the highest quality of products and standards of service,” the statement said.
“Moreover, it will strengthen the presence of PPG in the decorative paints market in both Europe and the Middle East, this being one of the main reasons for PPG’s desire to acquire SigmaKalon. The merger of the shared values of both SigmaKalon and PPG combined with their technical abilities will strengthen the global paints industry as a whole, and will better serve the industry and our customers in the Middle East through our joint solutions and high-tech paint solutions.”